Barclays to cut 5,000 jobs by end of 2026 due to 'technology investments' as AI makes bank more efficient

Job losses expected this year as the bank turns to AI to make it more efficient

13 sources22 Oct 2026Updated 1m ago

Barclays to cut 5,000 jobs by end of 2026 due to 'technology investments' as AI makes bank more efficient

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The story so far

Barclays to axe 5,000 jobs in huge blow to City as AI replaces workers.
Barclays cutting 5,000 jobs as high street bank increases use of AI.
Barclays to slash 5,000 jobs in AI efficiency push.

Summarised from the linked sources. Methodology

Who's reporting it

All 13 sources

Timeline

4h ago
US Top News and Analysis (US): U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.
4h ago
Business Line - Home (IN): Barclays plans to cut 5,000 jobs, about 5% of its workforce, as AI helps drive efficiency and cost reductions while the bank creates capacit
4h ago
London Evening Standard (GB): Job losses expected this year as the bank turns to AI to make it more efficient
4h ago
London Evening Standard (GB): Barclays to axe 5,000 jobs in blow to City as AI replaces workers
4h ago
AOL.co.uk: Barclays to cut 5,000 jobs this year as AI makes work more efficient
3h ago
Manchester Evening News (GB): Some of the job cuts have already been made, and the others are expected by the end of this year
3h ago
London Evening Standard (GB): The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.

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