Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI. The job cuts will mean losing...

Source: [Guardian World](https://www.theguardian.com/business/2026/oct/22/barclays-profits-up-as-uk-banks-brace-for-tax-increase-in-budget)

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