{"id":711,"date":"2026-10-22T12:59:25","date_gmt":"2026-10-22T12:59:25","guid":{"rendered":"https:\/\/bugleblast.com\/?p=711"},"modified":"2026-10-22T12:59:25","modified_gmt":"2026-10-22T12:59:25","slug":"barclays-cutting-5000-jobs-ai","status":"publish","type":"post","link":"https:\/\/bugleblast.com\/?p=711","title":{"rendered":"BARCLAYS IS AXING 5,000 JOBS AS THE ROBOTS MOVE IN! | The bank calls AI \u201cthe icing on the cake.\u201d For 5% of its staff, that cake is a pink slip"},"content":{"rendered":"<p>THE MACHINES ARE TAKING THE DESKS! British banking giant <strong>Barclays<\/strong> is cutting around <strong>5,000 jobs<\/strong> as it brings more artificial intelligence into its work, the <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cm4g1p347qgxo\">BBC<\/a> reported Thursday.<\/p>\n<p>The bank says <strong>1,000 posts<\/strong> are already gone, and another <strong>4,000<\/strong> will go by the end of this year. That\u2019s about <strong>5% of its global workforce<\/strong>. The cuts center on its UK retail bank, but a big share is expected to fall in <strong>India<\/strong>, where some UK back-office work is done. About 60% will hit support functions, developers included.<\/p>\n<p>Not every cut is down to AI, Barclays says. It calls them part of a long-running modernisation plan, and boss <strong>CS Venkatakrishnan<\/strong> put it this way: \u201cAI is the icing on the cake not the cake.\u201d Still, \u201cWe will employ the AI at scale,\u201d he said.<\/p>\n<p>Meanwhile the money keeps rolling: Barclays posted <strong>\u00a32.3bn profit<\/strong> for July through September, up on last year, though slightly below forecasts. It expects its efficiency drive to save another <strong>\u00a31.1bn in 2027<\/strong>.<\/p>\n<p>And it\u2019s not alone. <strong>HSBC, Standard Chartered and Danske Bank<\/strong> have all flagged AI-related job cuts this year. Analyst Will Howlett of Quilter Cheviot said the industry is reaching the point where tech spending \u201ctranslates into fewer people being required to run the business.\u201d Translation: check your inbox.<\/p>\n<p><em>Featured image: AI-generated editorial illustration by Bugle Blast.<\/em><\/p>\n<p><strong>Sources:<\/strong> <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cm4g1p347qgxo\">BBC News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank calls AI \u201cthe icing on the cake.\u201d For 5% of its staff, that cake is a pink slip<\/p>\n","protected":false},"author":1,"featured_media":710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/bugleblast.com\/wp-content\/uploads\/2026\/10\/bb-barclays-ai-jobs-1022.jpg","_links":{"self":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts\/711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=711"}],"version-history":[{"count":0,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts\/711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/media\/710"}],"wp:attachment":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}