Thursday, 22 October 2026 Updated 51 min ago
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Barclays to slash 5,000 jobs in AI efficiency push

U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.

CNBC reports: U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include AI and Barclays.

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Business and economic news can ripple through prices, jobs, investments and household budgets.

Key details

Location
United Kingdom · Europe
Reported by
CNBC
First reported
Key names
AI, Barclays
Section
Business

Sources

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