Barclays is cutting 5,000 jobs, about 5% of its workforce, by end 2026 as AI takes over support functions and developer work. Q3 net profit rose 13% on surging equities income, and the bank expects ov

What happened: Barclays said it will cut around 5,000 jobs, roughly 5% of its global workforce, by the end of 2026, using AI and technology to streamline operations. Key numbers: 5,000 jobs, about 5% of workforce, by end Why it matters: Barclays shares edged lower in London after the announcement. Analyst Will Howlett said the move shows how significantly AI and automation could reshape banking, while Russ Mould noted the results missed expectations and cited a widely expected tax increase and a reported probe into private credit risk disclosure. Separate each section with a blank line. Coverage: 7 outlets in 24h

Barclays said it will cut around 5,000 jobs, roughly 5% of its global workforce, by the end of 2026, using AI and technology to streamline operations.

Barclays shares edged lower in London after the announcement. Analyst Will Howlett said the move shows how significantly AI and automation could reshape banking, while Russ Mould noted the results missed expectations and cited a widely expected tax increase and a reported probe into private credit risk disclosure. Separate each section with a blank line.