Barclays will cut 5,000 jobs and named AI as part of the reason.
British bank Barclays said Thursday it will cut about 5,000 jobs, or 5% of staff, by year end. About 60% of the cuts hit support teams, including software developers, as AI makes remaining staff more productive. Around 1,000 roles already went in the first half, and the bank expects over £1.1 billion in savings.
Why it mattersThis is one of the clearest cases of a big employer naming AI as a reason for cutting office jobs. If you work in support or developer roles, expect employers to ask how much AI can take over.
Read in the app — free, in 9 languages
Related stories
DeepSeek doubled its fundraising goal to about $15 billion.2026-10-22China-linked hackers turned an AI agent on over 2,250 company clouds.
2026-10-22Governments took websites offline over the AI-found PHP flaw.
2026-10-22OpenAI's top models are coming to Google's cloud.
2026-10-21OpenAI bought a startup whose agents chase drug trial delays.
2026-10-21