BusinessPhoto: News18 BusinessBarclays to Cut 5,000 Jobs Globally Amid AI Push
Barclays is cutting 5,000 jobs, nearly 5% of its global workforce, to reduce costs and improve efficiency by leveraging artificial intelligence. The UK-based bank has already cut around 1,000 jobs, with the rest expected by the end of 2026. Most layoffs will occur in the UK, mainly affecting operational and functional roles. CEO C S Venkatakrishnan emphasized ongoing tech investments and AI's growing role in the bank's modernization.
News18 Business·


