Barclays CEO Says Bank Will Apply AI at Scale Amid 5,000 Total Cuts
Photo: TokenPost
Barclays CEO C.S. Venkatakrishnan said the bank would apply artificial intelligence at scale as it pursues a workforce reduction totaling 5,000 positions, including cuts already made this year. The target represents about 5% of Barclays’ workforce. About 60% of the planned reductions are in support functions, including developer roles. The total includes 1,000 positions eliminated in the first half of 2026. Venkatakrishnan compared AI with frosting on a cake, describing it as an addition to the bank’s work. The workforce target is part of Barclays’ 2026 reduction plan , which also involves changes to technology and operations.
Source: TokenPost
