BIZBBC NewsTHU 22 OCT 2026 / 4:37 AM CDT

Barclays cutting 5,000 jobs as it increases reliance on AI

Barclays is cutting its staff by around 5,000 as it introduces more artificial intelligence (AI) into its work processes.

The banking group said 1,000 posts had already been closed and it expects a further reduction of 4,000 to be complete by the end of this year, amounting to around 5% of its global workforce.

The bank's cost reductions are focused on its UK retail bank, but some back office functions for the UK are done in India, where a significant proportion of the job cuts are expected to fall.

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Barclays cutting 5,000 jobs as it increases reliance on AI

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