Barclays to axe 5,000 jobs amid push to boost efficiency with AI

TechnologyBusiness & Finance
22 Oct 2026 • 4:26 PM MYT
Malay Mail
Malay Mail

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Malay Mail

LONDON, Oct 22 — British bank Barclays on Thursday announced plans to cut around 5,000 jobs, or roughly five per cent of its global workforce, as it leans on artificial intelligence to become more efficient.

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 per cent in the third quarter. — AFP 

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