# Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

- Source: Guardian World
- Published: 2026-10-22T08:40:42+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/oct/22/barclays-profits-up-as-uk-banks-brace-for-tax-increase-in-budget
- Canonical: https://groundlevelnews.com/story/barclays-to-cut-5-000-jobs-as-bank-s-bosses-hail-ai-productivity-advan-46f4dc/

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI. The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 worke

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian World._