13 sources
Punch Newspapers10h ago
British bank Barclays has announced plans to cut around 5,000 jobs, or 5% of its global workforce, by the end of 2026 in an AI efficiency drive.
OriginalThe 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.
OriginalThe bank said around 1,000 of the roles were axed during the first half of 2026 as part of a cost-cutting drive and the remainder are being spread out in the second half of this…
OriginalThe bank says it is using more AI leading to a 5% reduction in its workforce.
OriginalBarclays expects to cut about 5,000 jobs by the end of 2026, around 5% of staff, as AI and other technology cut costs. Most cuts hit support roles.
OriginalThe 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.
OriginalSome of the job cuts have already been made, and the others are expected by the end of this…
OriginalThe lender, which reported another profit surge last quarter, said there had already been 1,000 roles axed, with a further 4,000 planned by the end of the fourth quarter.
OriginalJob losses expected this year as the bank turns to AI to make it more…
OriginalJob losses expected this year as the bank turns to AI to make it more…
OriginalJob losses expected this year as the bank turns to AI to make it more…
OriginalBarclays plans to cut 5,000 jobs, about 5% of its workforce, as AI helps drive efficiency and cost reductions while the bank creates capacity for investment.
OriginalU.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.
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