Business · 37 minutes ago

Barclays plans to cut 5,000 jobs this year.

Barclays, the high street bank, says 1,000 posts have already gone and 4,000 more should be cut by the end of this year. Most of the cuts target its UK retail arm, though back-office work is done in India. CS Venkatakrishnan, the boss, clarified that AI provides an additional benefit, with the bank anticipating an extra £1.1bn in savings by 2027.

By BriefTea Editorial · 22 October 2026 at 15:10

Reported by BBC · How we write briefs

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What is a 10-year plan? Why are jobs being cut? Why are UK jobs cut?

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