Barclays calls AI ‘icing on the cake’ as it culls jobs
ITWeb
Barclays is cutting approximately 5,000 jobs as part of a restructuring program aimed at achieving £1.1 billion in efficiency savings through the use of AI and other technologies. The bank describes AI as a supplementary tool, not the primary driver, of its cost-cutting efforts. The move reflects a broader trend among global companies, with AI being cited as a reason for nearly a fifth of all job cuts announced so far this year.
All articles from 23 October 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.