Barclays plans 5,000 layoffs amid AI growth
The British bank Barclays has announced plans to cut around 5,000 jobs by the end of 2026, which is approximately 5% of its total workforce of about 93,000 employees worldwide. This move is part of the bank's investments in technology and efforts to enhance operational efficiency through artificial intelligence. In the first half of 2026, approximately 1,000 jobs were eliminated, with the remaining cuts scheduled for the second half of the year. This is part of a three-year strategy aimed at improving performance and reducing costs.
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