Barclays to cut 5,000 jobs as AI adoption drives efficiency push

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Barclays is moving ahead with a plan to eliminate roughly 5,000 positions, citing artificial intelligence adoption and efficiency gains as the main drivers. About 1,000 of these roles have already been removed, with another 4,000 expected to go by 2026. The reductions are expected to fall mostly on support functions, including software developers, as part of the bank's cost-saving program. The bank says it continues to invest in its workforce even as it trims headcount. The goal is to improve operational efficiency.

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