Most of the affected jobs are in operational and support functions, including roles in software development.

Barclays plans to cut about 5,000 jobs by the end of 2026 as it expands its use of artificial intelligence (AI) and other technologies to reduce costs and improve efficiency.

The planned reductions represent about five per cent of the banking group’s global workforce, which stood at approximately 93,000 employees at the end of last year.

About 1,000 positions had been eliminated during the first half of 2026, with a further 4,000 cuts expected by the end of the year.