> Barclays to Cut 5,000 Jobs in A1 Cost-Saving Drive

Barclays said it is cutting 5,000 jobs, or 5% of its workforce, to reduce costs as it adopts artificial intelligence at scale across the bank.

The U.K. lender said Thursday it is focused on simplifying its organization, with technological efficiencies driven by AI. Chief Executive C.S. Venkatakrishnan said A1 is the “icing on the cake” of investment in technology.

Around 1,000 of the job cuts occurred in the first half of 2026, with the remaining 4,000 taking place in the second half.

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