India, Oct. 22 -- Barclays will cut around 5,000 jobs globally by the end of 2026 as the UK bank aims to spend more on technology and lower costs. The planned reduction is about 5% of its global workforce, and the most affected roles are in operational and support functions. Here are all the details you need to know.

Why Is Barclays Cutting 5,000 Jobs Globally in 2026?

Barclays is reducing its workforce as part of a broader three-year programme to simplify operations, improve efficiency and manage costs. According to the report, the bank has already cut around 1,000 positions, while a further 4,000 job cuts are expected by the end of 2026. The reductions reflect its continued investment in technology, organisational restructuring and ef...