Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Published . Updated .
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI. The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year. Continue reading...
Directly affected
- BCS Barclays-15.9% 30d
Named in this report.
Indirectly affected
- QQQ Invesco QQQ-0.7% 16d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-2.2% 30d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- XLF Financial Select Sector SPDR-3.9% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- BAC Bank of America-15.0% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- MSFT Microsoft+3.7% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- JPM JPMorgan Chase-5.3% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- GOOGL Alphabet-8.4% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- AMZN Amazon.com-2.2% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BCS | +0.95% | -1.84% | base | -2.50% | -3.70% | -1.70% | after close |
| QQQ | +0.41% | -0.96% | base | -2.85% | -2.87% | -2.34% | after close |
| AIQ | +0.11% | -1.64% | base | -2.98% | -2.69% | -2.64% | after close |
| XLF | -1.39% | -1.70% | base | +1.14% | -0.21% | +0.55% | after close |
| BAC | +1.71% | -0.83% | base | +0.55% | -0.51% | +0.90% | after close |
| MSFT | +1.23% | +0.16% | base | -2.10% | -1.58% | -0.97% | after close |
| JPM | +0.12% | -0.49% | base | +0.42% | -1.07% | +0.25% | after close |
| GOOGL | +4.35% | +2.80% | base | -3.14% | -4.33% | -4.88% | after close |
| AMZN | -2.90% | +0.05% | base | -4.56% | -5.48% | -5.06% | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI. The…
Source: The Guardian
How far Invesco Qqq Trust, Series 1 (QQQ) has moved since 22 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (AIQ) | that day | -2.98% | final price |
| Global X Fds (AIQ) | the next day | -2.69% | final price |
| Global X Fds (AIQ) | two days later | -2.64% | still updating |
| Global X Fds (AIQ) | three days earlier | -1.64% | final price |
| Global X Fds (AIQ) | five days earlier | +0.11% | final price |
| Amazon Com (AMZN) | that day | -4.56% | final price |
| Amazon Com (AMZN) | the next day | -5.48% | final price |
| Amazon Com (AMZN) | two days later | -5.06% | still updating |
| Amazon Com (AMZN) | three days earlier | +0.05% | final price |
| Amazon Com (AMZN) | five days earlier | -2.90% | final price |
| Bank Of America (BAC) | that day | +0.55% | final price |
| Bank Of America (BAC) | the next day | -0.51% | final price |
| Bank Of America (BAC) | two days later | +0.90% | still updating |
| Bank Of America (BAC) | three days earlier | -0.83% | final price |
| Bank Of America (BAC) | five days earlier | +1.71% | final price |
| BCS | that day | -2.50% | final price |
| BCS | the next day | -3.70% | final price |
| BCS | two days later | -1.70% | still updating |
| BCS | three days earlier | -1.84% | final price |
| BCS | five days earlier | +0.95% | final price |
| Alphabet (GOOGL) | that day | -3.14% | final price |
| Alphabet (GOOGL) | the next day | -4.33% | final price |
| Alphabet (GOOGL) | two days later | -4.88% | still updating |
| Alphabet (GOOGL) | three days earlier | +2.80% | final price |
| Alphabet (GOOGL) | five days earlier | +4.35% | final price |
| Jpmorgan Chase (JPM) | that day | +0.42% | final price |
| Jpmorgan Chase (JPM) | the next day | -1.07% | final price |
| Jpmorgan Chase (JPM) | two days later | +0.25% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -0.49% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +0.12% | final price |
| Microsoft (MSFT) | that day | -2.10% | final price |
| Microsoft (MSFT) | the next day | -1.58% | final price |
| Microsoft (MSFT) | two days later | -0.97% | still updating |
| Microsoft (MSFT) | three days earlier | +0.16% | final price |
| Microsoft (MSFT) | five days earlier | +1.23% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | -2.85% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | the next day | -2.87% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | two days later | -2.34% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -0.96% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +0.41% | final price |
| Select Sector Spdr Tr (XLF) | that day | +1.14% | final price |
| Select Sector Spdr Tr (XLF) | the next day | -0.21% | final price |
| Select Sector Spdr Tr (XLF) | two days later | +0.55% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | -1.70% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -1.39% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 59 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 22 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 24 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 28 days before publication. Filed 7 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 48 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 48 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 56 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 38 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 56 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 55 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)
Companies mentioned with this story
- QQQ Invesco Qqq Trust, Series 1
For “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- AIQ Global X Fds
Global X Fds (AIQ) is linked, with no stored direction, medium confidence in the 22 Oct 2026 story “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances.” Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- XLF Select Sector Spdr Tr
Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 22 Oct 2026 story “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances.” Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
- BAC Bank Of America
In “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- MSFT Microsoft
In “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 22 Oct 2026 story “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances.” Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- GOOGL Alphabet
In “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- AMZN Amazon Com
For “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
Invesco Qqq Trust, Series 1 (QQQ)
The 22 Oct 2026 story “Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances” names Invesco Qqq Trust, Series 1 (QQQ) because of this story.
Invesco Qqq Trust, Series 1 (QQQ) is on the page because Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
Also listed, Global X Fds (AIQ): Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
The price range for Invesco Qqq Trust, Series 1 (QQQ), and the dates in the story
AIQ traded between 61.70 and 67.40 across 20 sessions. The latest close on file is 62.94. QQQ traded between 701.18 and 762.84 across 16 sessions. The latest close on file is 704.37. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
A simple score for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100Price not final
“Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.