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Event Brief
Oct 22, 2026 at 5:02 AM ET

Barclays plans 5,000 job cuts as AI use grows

By The BriefBrief
Barclays said Thursday it plans to cut 5,000 jobs, about 5% of its workforce, citing efficiency savings from increased use of artificial intelligence. The bank is relying on AI to perform back-office tasks.
WHO: Barclays
WHAT: Barclays said it plans to cut 5,000 jobs as it increases its use of artificial intelligence.
WHEN: Oct 22, 2026
WHERE: United Kingdom
WHY: Barclays cited efficiency savings from AI as the reason for the planned job cuts.

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