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Barclays to Eliminate 5,000 Jobs as AI Enhances Operational Efficiency

AI News

Barclays to Eliminate 5,000 Jobs as AI Enhances Operational Efficiency

Barclays to Cut 5,000 Jobs in AI-Driven Cost-Reduction Push

Techstrong

Barclays to Cut 5,000 Jobs in AI-Driven Cost-Reduction Push

Barclays is slashing roughly 5,000 global jobs — about 5% of its workforce — in an AI-linked efficiency drive aimed at saving over £1.1bn by 2027, despite posting £2.3bn in Q3 pre-tax profits.

Barclays to cut 5,000 jobs while handing work over to AI — Chief Executive says AI is 'icing on the cake'

TechRadar

Barclays to cut 5,000 jobs while handing work over to AI — Chief Executive says AI is 'icing on the cake'

Barclays cutting 5,000 jobs as part of a plan to save £1.1 billion, and the majority of the work is going to AI.

Barclays to cut 5% of global workforce as AI boosts efficiency

Capital Brief

Barclays to cut 5% of global workforce as AI boosts efficiency

Barclays said it will cut about 5,000 full-time roles as AI reduces its need for support staff.

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