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2026-10-22T12:55:33.000Z

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17 Hrs2026-10-23T05:31:58.000Z
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President Sisi on 2014 electricity plan: risks outweigh costs
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Barclays to cut 5000 jobs amid AI boost

Barclays to cut 5000 jobs amid AI boost

The British bank Barclays has revealed that it expects to cut around 5,000 jobs by the end of 2026, as a result of leveraging artificial intelligence to improve efficiency. These job cuts will account for approximately 5% of the bank's total workforce of 93,000 employees at the end of 2025. Already, about 1,000 positions have been eliminated in the first half of 2026, with the remaining reductions scheduled for the second half of the year. This development comes after long-term investments in technology that have led to streamlined operations and reduced the need for certain roles, particularly in operational departments. This move reflects the conclusion of the bank’s three-year strategy to boost performance through cost reduction and technological upgrades.

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