Barclays Announces 5,000 Job Cuts; Artificial Intelligence Improves Efficiency
2026-10-22 15:46:23
According to CoinMeta, Barclays Bank announced that it will cut 5,000 jobs. The bank stated that artificial intelligence (AI) has begun to play a role in improving efficiency. According to a presentation released on Thursday, this job cut will affect about 5% of the bank's employees. As of the end of 2025, Barclays Bank has approximately 93,000 employees globally. The bank said that it is making "structural adjustments" to reduce costs in order to "free up resources for investment."
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