Barclays to Lay Off 5,000 Employees in Cost-Cutting AI Strategy

Technology News

Barclays to Lay Off 5,000 Employees in Cost-Cutting AI Strategy

Silicon Republic

Barclays to cut 5,000 jobs as it seeks to reduce costs with AI

10/22/2026

Roughly 60pc of the reductions will come from within support functions, impacting developers and other professionals.

Computer Weekly

Barclays to cut 5,000 jobs and employ more artificial intelligence

10/22/2026

The UK bank is cutting thousands of jobs as it invests in the latest technologies, such as artificial intelligence

The Straits Times

Barclays to cut 5,000 jobs in AI-fuelled push to lower costs

10/22/2026

Revenue from fixed income and currency trading fell 19% compared with a year earlier.

Firstpost

Barclays layoffs: Bank plans to cut 5,000 jobs by year-end to reduce costs

10/22/2026

Barclays plans to eliminate around 5,000 positions by the end of 2026 as it expands its use of technology to reduce operating costs. The announcement follows similar job-cut plans at Australia's...

Capital Brief

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

10/22/2026

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

Financial Express

Barclays to axe 5,000 jobs globally, India back offices set to bear brunt: Report

10/22/2026

Barclays AI Job Cuts: Barclays is reportedly cutting around 5,000 jobs as it introduces more artificial intelligence (AI) into its work processes, with a significant share of the job cuts expected...