JewishStatusOpen the app

FrontRow · Oct 22, 2026

FrontRow — photo status

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings statement Thursday, Barclays said it was "structurally reducing the cost base to generate capacity for investment." The reductions come from "organizational simplification and technology change efficiency driven by AI," the bank said, with cuts felt mainly in support functions, including developers, Barclays added.

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings statement Thursday, Barclays said it was "structurally reducing the cost base to generate capacity for investment." The reductions come from "organizational simplification and technology change efficiency driven by AI," the bank said, with cuts felt mainly in support functions, including developers, Barclays added.

Watch in the app All of FrontRow's statuses

More from FrontRow