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Barclays cuts 5% of jobs in AI overhaul

About a thousand of the five thousand roles are already gone, and the rest are due by the end of the fourth quarter; the bank's AI plans keep growing.

On air: Hank Ledger and Vera Bullock on BBN This Morning
Published
Photo: Matt Brown · CC BY 2.0 · Wikimedia Commons · altered by BBN
▶ As it aired · Tech

Watch it as it aired: Hank Ledger and Vera Bullock on this story, from BBN This Morning at 9:31 AM ET. Cartoon anchors, real headline: the facts are WSJ's, the jokes are ours.

Photo: Barclays
Photo: Matt Brown · CC BY 2.0 · Wikimedia Commons · altered by BBN

At a glance

  • First reported by WSJ: “Barclays Cuts 5% of Jobs In AI Overhaul”, with reporting from Investing.com (Reuters) and Yahoo Finance (Bloomberg).
  • Covered on BBN on Thursday, October 22, 2026, at 9:31 AM ET on BBN This Morning, by Hank Ledger and Vera Bullock.
  • Topics: AI.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

  1. Hank Ledger · Lead AnchorBarclays is cutting about five thousand jobs this year, roughly five percent of its workforce, and about a thousand of those roles are already gone.

  2. Vera Bullock · Co-AnchorThe bank says about sixty percent of the cuts fall in support roles, including developers.

  3. Vera Bullock · Co-AnchorThe CEO called AI, quote, the icing on the cake, not the cake.

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