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Barclays to Axe 5,000 Jobs in 2026 Amid Cost-Cutting Actions

MT Newswires·10/22/2026 05:09:02
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05:09 AM EDT, 10/22/2026 (MT Newswires) -- Barclays (BARC.L) expects its structural cost actions during 2026 to eliminate 5,000 full-time jobs, impacting 5% of employees. The British lender's planned layoffs are subject to collective and individual consultation, according to the third-quarter results announced on Thursday.