According to CoinMeta, Barclays Bank announced plans to lay off around 5,000 employees in 2026, despite its quarterly profit increasing by 12% to £2.3 billion. The bank's technical and support positions were the most affected, with an estimated 5% of employees set to be impacted by the reorganization. Barclays' pre-tax profit in the third quarter was £2.3 billion, with revenue growing by 3% to £7.4 billion. Management expects that costs related to the reorganization will increase by another £300 million in the last quarter, and they anticipate that efficiency measures will result in additional savings of around £1.1 billion in 2027.