Barclays to cut about 5,000 jobs as it expands use of AI

Britain's Barclays bank said it will cut about 5,000 jobs, or nearly 5% of its global workforce, by the end of 2026. The bank says it is relying more on artificial intelligence and other technologies to improve efficiency, reflecting the impact of automation on banking jobs.

AI-written summary of 5 sources; every verified point is backed by a verbatim quote. How Iyan works

• The cuts include about 5,000 jobs, or nearly 5% of the bank's global workforce.

  «أي ما يقارب خمسة بالمئة من قوته العاملة عالميا، بحلول نهاية 2026»

  BBC • يورونيوز عربي
• According to the bank, increased use of artificial intelligence has led to a 5% reduction in its workforce.

  «The bank says it is using more AI leading to a 5% reduction in its workforce.»

  BBC
• The bank is relying on artificial intelligence and other technologies to improve efficiency.

  «معتمدا على الذكاء الاصطناعي وتقنيات أخرى لرفع الكفاءة»

  يورونيوز عربي
• British coverage reported that the cuts will be completed by Christmas and aim to make the bank more efficient.

  «BARCLAYS is set to axe 5,000 staff by Christmas after increasing its use of artificial intelligence»

  The Sun

Iyan — See it for yourself. What changed in your world today, why it matters, and how we know.
How it works • Privacy • Terms