Economy · London, United Kingdom · October 22, 2026

Barclays to cut 5,000 jobs as it relies more on AI

Reported by 3 outlets · first reported Oct 22, 7:38 AM ET

Barclays said it will cut 5,000 jobs, about 5% of its global workforce, citing efficiency gains from greater use of artificial intelligence.

Why it matters

It is one of the largest AI-linked job reductions announced by a major global bank.

Background

Barclays is one of Britain's biggest banks, with large investment banking operations in the US. Banks have been expanding AI use in operations and customer service.

The story so far

1. Oct 22Barclays to cut 5,000 jobs as it relies more on AI
2. Nov 1Thousands of Virgin Media O2 jobs to be cut

Follow the whole story →

Sources

• BBC Business ↗Oct 22, 10:28 AM ET
• CNBC ↗Oct 22, 7:38 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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