Barclays to Cut 5,000 Jobs in AI Push to Lower Costs

Description: Barclays Plc is cutting jobs to reduce costs through the use of artificial intelligence. #ai #news

The UK lender joins HSBC Holdings Plc and Standard Chartered Plc in pivoting to AI and automation.

Barclays will spend about £600 million this year to bring down future costs, and has announced a £500 million share buyback.

Read more: https://www.bloomberg.com/news/articles/2026-10-22/barclays-to-cut-5-000-jobs-as-ai-starts-creating-efficiency

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