Industry Reports

Barclays to cut 5,000 jobs as AI drives cost-saving push and lender seeks to improve returns

Saturday, October 24, 2026 - 19:02
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Barclays to cut 5,000 jobs as AI drives cost-saving push and lender seeks to improve returns
Barclays plans to cut 5,000 jobs by the end of 2026 as it uses AI to reduce costs and improve returns. The move comes as third-quarter profit misses estimates, with a sharp decline in fixed-income trading weighing on investment bank income.

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