Barclays to slash 5,000 jobs by 2026-end as AI takes on bigger role in bank's operations

British financial institution Barclays is preparing to cut approximately five thousand positions, which accounts for five percent of its total international staff, prior to the conclusion of the year. The organization aims to simplify its business functions and boost spending on digital systems, specifically machine intelligence and automated tools. This workforce reduction is part of a broader strategy by the company to modernize its daily activities through advanced technical integration. Affected personnel will depart as the lender moves forward with these modernization efforts.