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Barclays to axe 5,000 jobs amid push to boost efficiency with AI
British bank Barclays plans to shed about 5,000 jobs, equivalent to five per cent of its global workforce, as it turns to artificial intelligence to improve efficiency. — Picture by Matt Brown https://www.flickr.com/photos/londonmatt/26109088958/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=89957428
Thursday, 22 Oct 2026 4:26 PM MYT

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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