EventBusinessOctober 22, 2026

Barclays to cut 5,000 jobs as AI takes on more work

Read original source →bbc.com

Barclays is cutting about 5,000 roles, roughly 5% of its global workforce, with 1,000 already closed and 4,000 more due by year-end. The bank called AI the "icing on the cake" of its modernization plan; HSBC, Standard Chartered and Danske Bank have also flagged AI-related cuts.

2 sources

More stories today

Open the live feed