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CS Venkatakrishnan

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

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

British banking giant Barclays is eliminating 5,000 roles in a technology and automation-driven cost-reduction effort, alongside a 12% rise in third-quarter pre-tax profits.

Business ·22 Oct 2026, 14:35 ·Maeve Turner 4 min read