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Home > Business > Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

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Last Updated: October 22, 2026 15:15:22 IST

By Lawrence White LONDON, Oct 22 (Reuters) – Barclays said it is cutting around 5,000 jobs or 5% of its workforce this year, as it uses technology such as AI to slash fixed costs and improve returns.

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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