Barclays to cut around 5,000 jobs by the end of 2026 as it adopts AI

FinanceInternationalFrance 24Oct 24, 2026, 12:58 PM35 s readAI summary

Barclays announced it will cut around 5,000 jobs, 5% of its workforce, before the end of 2026 as part of its adoption of artificial intelligence. A spokesperson for the British bank said about 60% of the cuts affect support functions, including a reduction in software developers because AI makes its teams more productive. The group, which employed 93,000 people worldwide at the end of 2025, is seeking an "organizational simplification" and efficiency gains from technology.

In 35 seconds

Barclays will cut around 5,000 jobs, 5% of its workforce, before the end of 2026
About 60% of the cuts are concentrated in support functions, including software developers
The bank attributes the move to higher team productivity from AI

Read the full story at France 24

IASummary generated by artificial intelligence from a story by France 24. It may contain errors: the original source prevails.

Barclays
empleo
inteligencia artificial
banca
Reino Unido

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Barclays to cut around 5,000 jobs by the end of 2026 as it adopts AI

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

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