BarclaysFinance
Barclays looks to cut 5,000 jobs and points to AI in the plan
LayoffCompany stated
Barclays said in a quarterly report that it is looking to cut 5,000 jobs, about 5% of its workforce. About 60% of those cuts sit in support functions, including developers, and the bank described the effort as simplification and technology change driven by AI.
“organisational simplification and technology change efficiency driven by AI.”
The original
Barclays is latest to redirect spending toward AI as it trims its workforce
AP · Michelle Chapman · 23 Oct 2026