Diverse group of young male and female bank employees (white, Black and brown) carrying cardboard boxes of personal belongings as they exit a modern Barclays building after being laid of

Barclays To Cut 5,000 Jobs As AI Reshapes Banking And The Future Of Work

TCMPOctober 22, 2026October 23, 202604 mins

By Oliver Grant LONDON, October 22, 2026. British banking giant Barclays plans to cut approximately 5,000 jobs by the end of 2026 as artificial intelligence (AI), automation and organisational restructuring reshape its operations and employment strategy. The planned reductions represent about 5% of the bank’s global workforce, which stood at approximately 93,000 employees at the…