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Barclays To Axe 5,000 Jobs As Britain's Youth Employment Crisis Deepens

Barclays To Axe 5,000 Jobs As Britain's Youth Employment Crisis Deepens Bloomberg cites a Barclays corporate presentation saying the bank is cutting 5,000 jobs as it pushes ahead with cost-cutting measures and adopts artificial intelligence to improve efficiency. The reductions would affect about 5% of the bank's workforce. The London-based lender employed about 93,000 people globally at the end of 2025, according to Bloomberg data. Barclays said it was "structurally reducing" costs to "generate capacity for investment." The presentation also touched on organizational simplification and greater efficiency, supported by AI. Separately, a...
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