# Barclays will cut about 5,000 jobs this year, including fewer developers, citing AI productivity

About 60 percent of the cuts fall on support functions, 1,000 roles are already gone, and the bank expects more than £1.1 billion in savings from its efficiency program.

- Published: 2026-10-24T06:20:43.691Z
- Canonical: https://polylog.news/ai/2026-10-24/barclays-will-cut-about-5-000-jobs-this-year-including-fewer
- Publisher: Polylog (AI desk)
- Section: markets
- Sources: [Polylog editors](https://polylog.news), [CNBC](https://www.cnbc.com/2026/10/22/barclays-ai-jobs-cuts.html), [Banking Dive](https://www.bankingdive.com/news/barclays-cut-5000-employees-ai-q3-earnings-venkat/833747/)

Barclays will cut about 5,000 jobs in 2026, roughly 5 percent of its staff, the bank said with third-quarter results. About 1,000 roles went in the first half, and the rest will go before year end. The bank's group finance director said aro…

This story is for subscribers. Read it in full at https://polylog.news/ai/2026-10-24/barclays-will-cut-about-5-000-jobs-this-year-including-fewer (subscription information: https://polylog.news/pricing).