Veytics Intelligence
2026-10-22 · NASDAQ

Barclays To Cut 5,000 Jobs, Sees £1.1 Bln Savings After Higher Q3, Positive Outlook - Update

(RTTNews) - British lender Barclays PLC (BCS, BARC.L) announced Thursday its plan to cut around 5,000 full-time employees as part of its cost efficiency savings plan, amid AI boom. The firm expects more than £1.1 billion of gross efficiency savings in fiscal 2027.

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