Barclays to cut 5,000 jobs this year as AI makes work more efficient

Barclays has revealed a drop in its full-year earnings (PA) -

Barclays has revealed it expects to have cut around 5,000 staff by the end of 2026 after turning to artificial intelligence (AI) to make the bank more efficient.

The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.