Restructuring Barclays set to slash 5,000 jobs amid AI pivot Bank’s “icing on the cake” modernisation effort comes as it reveals bumper year for profits so far iStock.com/hatman12 Image Jenna Lomax Community Editor Thursday 22 October 2026 Barclays has announced plans to cut 5,000 jobs as part of an AI modernisation effort which it predicts will deliver £1.1bn of savings by 2027. Get AccessContinue reading International Employment LawyerAlready have access? Login now Email Enter your email address. Password Enter the password that accompanies your email address. Reset your passwordLog in Need access? Find out how to enjoy unlimited accessGet access You might also like... Flexibility Barclays delays unpopular return-to-office mandate Disputes Ex-Meta staffers seek injunction from alleged AI-driven layoffs Restructuring Ethical restructurings in the age of “AI washing” Artificial Intelligence Newsom orders California to prepare for AI-driven layoffs