Barclays To Cut 5,000 Jobs in AI Drive

British banking giant Barclays announced plans on Thursday to reduce its global workforce by approximately 5,000 roles, representing roughly five per cent of its total staff.

The bank is expanding its deployment of artificial intelligence technologies to streamline operations and boost organisational efficiency across its international divisions.

The cost-cutting initiative coincides with strong financial performance for the lender.

Barclays Bank to cut 5,000 jobs in AI drive (News Central TV) — Barclays Bank to cut 5,000 jobs in AI drive. Credit: Reuters

Alongside the job reduction strategy, Barclays reported a 13 per cent increase in net profit for the third quarter, driven by robust performance across its key revenue streams.

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Abisoye Adeyiga

Abisoye Adedoyin Adeyiga holds a PhD in Languages and Media Studies and a Master’s in Education (English Language). Trained in digital marketing and investigative journalism, she is passionate about new media’s transformative power. She enjoys reading, traveling, and meaningful conversations.