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Barclays to cut 5,000 jobs this year as AI makes the bank more efficient

Barclays expects to have cut around 5,000 jobs by the end of 2026, roughly 5% of its staff. The bank said artificial intelligence and other technology now let it do the same work with fewer people. The British lender gave the figure on Thursday alongside its third-quarter results, adding to a broader shift at European banks. About […] This story continues at The Next Web

Published Oct 22, 2026 · 6:45 AMOriginal source: The Next Web2 reads
Barclays to cut 5,000 jobs this year as AI makes the bank more efficient
Barclays expects to have cut around 5,000 jobs by the end of 2026, roughly 5% of its staff. The bank said artificial intelligence and other technology now let it do the same work with fewer people. The British lender gave the figure on Thursday alongside its third-quarter results, adding to a broader shift at European banks. About […] This story continues at The Next Web
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