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Jewish News 24 · Oct 22, 2026

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🏦 BARCLAYS TO CUT 5,000 JOBS AS AI REPLACES WORKERS: British banking giant Barclays announced Thursday that it will eliminate approximately 5,000 jobs, or 5% of its global workforce, by the end of 2026 as it expands artificial intelligence to reduce costs and improve efficiency. About 1,000 positions have already been eliminated, with another 4,000 cuts planned by year-end. Roughly 60% of the reductions will affect support roles, including software developers. The announcement comes despite a 12% increase in third-quarter pretax profits to £2.3 billion.

🏦 BARCLAYS TO CUT 5,000 JOBS AS AI REPLACES WORKERS: British banking giant Barclays announced Thursday that it will eliminate approximately 5,000 jobs, or 5% of its global workforce, by the end of 2026 as it expands artificial intelligence to reduce costs and improve efficiency. About 1,000 positions have already been eliminated, with another 4,000 cuts planned by year-end. Roughly 60% of the reductions will affect support roles, including software developers. The announcement comes despite a 12% increase in third-quarter pretax profits to £2.3 billion.

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