{"id":691413,"date":"2026-10-23T08:15:00","date_gmt":"2026-10-23T08:15:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=691413"},"modified":"2026-10-23T08:15:00","modified_gmt":"2026-10-23T08:15:00","slug":"barclays-to-axe-5000-jobs-as-britains-youth-employment-crisis-deepens","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=691413","title":{"rendered":"Barclays To Axe 5,000 Jobs As Britain’s Youth Employment Crisis Deepens"},"content":{"rendered":"

Barclays To Axe 5,000 Jobs As Britain’s Youth Employment Crisis Deepens <\/span><\/p>\n

\n

Bloomberg cites a Barclays corporate presentation saying the bank is cutting 5,000 jobs<\/strong> as it pushes ahead with cost-cutting measures and adopts artificial intelligence to improve efficiency.<\/p>\n

The reductions would affect about 5% of the bank’s workforce<\/strong>. The London-based lender employed about 93,000 people globally at the end of 2025, according to Bloomberg data.<\/p>\n

\"\"<\/a><\/p>\n

Barclays said it was “structurally reducing” costs to “generate capacity for investment<\/strong>.” The presentation also touched on organizational simplification and greater efficiency, supported by AI.<\/strong><\/p>\n

Separately, a Bloomberg report says that technology and finance jobs for young people in the UK have fallen sharply<\/strong>.<\/p>\n

Payroll jobs for young people in information and communication have plummeted 30% <\/strong>between the end of 2022 and the end of 2025, according to Boston Consulting Group data.\u00a0Finance jobs for the same age group fell 10%. Combined, the two sectors – that is, about a decline of 45,000 jobs – left about 163,000 employed.\u00a0<\/p>\n

\"\"<\/a><\/p>\n

Young folks “are being squeezed<\/strong> out of some of the UK’s most important sectors,” said Raoul Ruparel, senior director at BCG’s Center for Growth, as companies grow more reluctant to hire young workers.\u00a0<\/p>\n

“AI may be playing a part<\/strong>, but it’s unlikely to be the whole story,<\/strong>” Ruparel said. “Much of the fall happened in 2023 and 2024, before today’s more capable AI tools. A post-pandemic tech downturn and remote working, which makes juniors harder to train, are also likely factors.”<\/p>\n

Layoffhedge<\/a>, which tracks SEC filings, WARN notices, and verified press reports, has recorded 702,000 job cuts across 541 US companies this year alone. That’s about 2,300 job cuts per day.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 10\/23\/2026 – 04:15<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Barclays To Axe 5,000 Jobs As Britain’s Youth Employment Crisis Deepens Bloomberg cites a Barclays corporate presentation saying the bank is cutting 5,000 jobs as it pushes ahead with cost-cutting measures and adopts artificial intelligence to improve efficiency. The reductions would affect about 5% of the bank’s workforce. The London-based lender employed about 93,000 people… Continue reading Barclays To Axe 5,000 Jobs As Britain’s Youth Employment Crisis Deepens<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-691413","post","type-post","status-publish","format-standard","hentry","category-economic-empowerment","category-national-security","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/691413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=691413"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/691413\/revisions"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=691413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=691413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=691413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}