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Newest firstYesterday · Sunday 25 October
- Europe·News
Barclays to Cut 5,000 Jobs, Expands AI Adoption for Efficiency
Barclays announced 5,000 job cuts (5% of global workforce) as part of organizational simplification and technology-driven efficiency plans. The cuts follow prior reductions of 1,000 positions, with 4,000 more expected by end-2026; 60% affect support functions including software developers, concentrated in UK retail banking.