Barclays plans 5,000 job cuts as AI reshapes costs
Barclays plans to cut about 5,000 jobs by the end of 2026 as it simplifies operations and uses technology, including AI, to reduce costs.
Barclays plans 5,000 job cuts as AI reshapes costs
Profit rose, but income missed consensus
Barclays expects to remove about 5,000 roles by the end of 2026 while using AI and technology to simplify operations. About 60% of the reductions are expected in support functions. Third-quarter pretax profit rose 12% to £2.3bn, while group income reached £7.4bn.
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Image: max / Unsplash. Barclays building; illustrative file photo, not a depiction of the job cuts. Image usage terms.
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jajoy39
I’m Nahid Hasan Joy, a technology writer, web developer, and digital enthusiast with a strong interest in the ever-changing world of technology.
