About 5,000 jobs, roughly 5% of staff, to be cut by end of 2026
Source-backed update · Announced reduction · Barclays
EventAnnounced with third-quarter results on October 22, 2026; cuts to be completed by the end of 2026
Added to WorkHushOctober 23, 2026
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Sources
Reuters (via Investing.com) · Oct 22, 2026Supports: Reports Barclays will cut around 5,000 jobs, about 5% of its workforce, this year; the CFO said about 1,000 roles have already gone and around 60% of the cuts fall on support functions, with a further £201 million in structural cost actions taken in the third quarter.Open the sourceAFP (via Yahoo Finance UK) · Oct 22, 2026Supports: Reports Barclays announced in its results presentation that it will cut around 5,000 jobs, roughly 5% of its global workforce, by the end of 2026, citing organisational simplification and AI-driven efficiency. About 60% of the job losses relate to support functions.Open the source
Not in the sources
Barclays hasn't said which countries or sites are affected, how many of the roles are in the UK, or what severance terms apply.
More job cuts in October 2026 ›