Barclays Slashes 5,000 Jobs, Citing AI-Driven Efficiency Gains
Barclays, one of the UK’s largest banks, is implementing a significant workforce reduction, eliminating approximately 5,000 positions by the close of 2026. This move, representing about 5% of its global staff, is largely attributed to long-term investments in technology and the increasing role of artificial intelligence in boosting productivity across various functions. The announcement coincides with a reported 12% increase in the bank’s pre-tax profits for the third quarter of 2026.
Continue Reading