Important StoriesPHP security flaws put 70% of the internet at risk, says WizRBI minutes reveal split over rate hikes, with inflation risks mountingIndian injured in drone attack targeting Shaybah oilfield in Saudi ArabiaIndia’s private investment pipeline hits ₹99.7 lakh crore as IT services and power lead growthBarclays plans 5,000 job cuts as bank steps up AI-led efficiencyFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Barclays plans 5,000 job cuts as bank steps up AI-led efficiency The London-based bank is simplifying its organisation and improving operational efficiency as it seeks to create capacity for investment By Bloomberg Updated - October 22, 2026 at 01:15 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/barclays-plans-5000-job-cuts-as-bank-steps-up-ai-led-efficiency/article71610597.eceCopy Barclays plans to cut 5,000 jobs as part of its cost-reduction drive, citing efforts to simplify operations and improve efficiency through AI. | Photo Credit: Reuters

Barclays Plc said it’s cutting 5,000 jobs as part of an effort to reduce costs, adding that artificial intelligence is starting to create efficiency.

That would affect about 5% of the bank’s employees, according to a presentation on Thursday. Barclays employed about 93,000 people globally at the end of 2025.

The London-based bank said it was “structurally reducing” costs to “generate capacity for investment.” It said it’s focused on simplifying the organization and increasing efficiency, driven by AI, according to the presentation.

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