Barclays to Cut About 5,000 Jobs, Citing Support Roles and AI Productivity Gains
Barclays said on October 22, alongside its July-September 2026 results, that it expects to cut about 5,000 employees, roughly 5% of its workforce. About 60% of the cuts are in support functions, including developers. AI-driven productivity gains were cited as part of the background. Pre-tax profit for the quarter rose 12% year on year to £2.3 billion (about 488 billion yen).
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