# Barclays to Cut 5,000 Jobs as AI Trade Stumbles After Tech Earnings

https://mins.news/en/video/110988

- Bloomberg Television, 2026-10-22 11:03 UTC
- Economy
- Original: https://www.youtube.com/watch?v=13Ug2Wk8nfE

> Barclays said it plans to eliminate 5,000 jobs to reduce costs, adding that AI is beginning to deliver efficiencies. The cuts would affect about 5% of its workforce, according to a Thursday presentation; the bank had about 93,000 employees worldwide at the end of 2025. Stocks fell as megacap earnings failed to reassure investors about the AI trade’s rebound, Chinese equities neared a bear market and Middle East tensions escalated.

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