Barclays plans around 5,000 job cuts in 2026 as AI figures in cost drive

Barclays plans to cut around 5,000 jobs in 2026, roughly 5% of its workforce, according to CNBC and BBC News. The BBC reports 1,000 posts had already closed and another 4,000 reductions were expected by year-end. Barclays links the cuts to organizational changes and technology, including AI. Sky News reports most affected roles are operational or functional, but the bank had not specified where the losses would fall.