[{"data":1,"prerenderedAt":98},["ShallowReactive",2],{"$fRwuWYIPyOw799yau7v8pQTXXYWgh0iQJXah_pBKOLo4":3},{"response":4},{"status":5,"userTier":6,"total":7,"content":8},"ok","developer",1,{"id":9,"type":10,"sectionId":11,"sectionName":12,"webPublicationDate":13,"webTitle":14,"webUrl":15,"apiUrl":16,"pillarId":17,"pillarName":18,"fields":19,"blocks":21,"tags":28,"isHosted":97},"business\u002Flive\u002F2026\u002Foct\u002F22\u002Fbarclays-profits-jump-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-latest-live-updates","article","business","Business","2026-10-22T14:28:56Z","Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – as it happened","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Flive\u002F2026\u002Foct\u002F22\u002Fbarclays-profits-jump-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-latest-live-updates","https:\u002F\u002Fcontent.guardianapis.com\u002Fbusiness\u002Flive\u002F2026\u002Foct\u002F22\u002Fbarclays-profits-jump-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-latest-live-updates","pillar\u002Fnews","News",{"thumbnail":20},"https:\u002F\u002Fmedia.guim.co.uk\u002F8026bec86e6e508621e1a216e5ed258ac13e884e\u002F292_0_2917_2334\u002F500.jpg",{"body":22},[23],{"id":24,"type":25,"bodyHtml":26,"bodyTextSummary":27},"body-business\u002Flive\u002F2026\u002Foct\u002F22\u002Fbarclays-profits-jump-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-latest-live-updates","body","\u003Cp>The Unite union said it is engaging in “urgent and frank” discussions with Barclays over the 5,000 job cuts it announced today.\u003C\u002Fp> \u003Cp>General secretary \u003Cstrong>Sharon Graham\u003C\u002Fstrong> said:\u003C\u002Fp> \u003Cblockquote class=\"quoted\"> \u003Cp>Barclays workers deserve better than this. The company is using AI as an excuse to discard its loyal and long-suffering workforce.\u003C\u002Fp> \u003Cp>Employers should be focussed on upgrading employees’ skills so that they remain employed as new technology changes the workplace. Instead, Barclays is guilty of taking a short-term, kneejerk approach. Unite is working with its members to find the best way forward to reset this destructive announcement.\u003C\u002Fp> \u003C\u002Fblockquote> \u003Cp>Unite said it recognises the need to embrace new technologies as industries evolve. However, these changes must never come at the expense of good, meaningful, skilled jobs, it said, adding that the introduction of new technology must happen with workers, not to workers.\u003C\u002Fp> \u003Cp>Unite, particularly within the finance sector, has spent years establishing AI and technology agreements that protect jobs and working conditions. These frameworks ensure that jobs remain meaningful, retain human oversight, prevent algorithmic decision-making, and guard against discrimination. Technology must benefit workers, not replace them, the union stressed.\u003C\u002Fp> \u003Cp>Improved efficiencies cannot just be used to pad profits or cut jobs; workers must share in the benefits of new technology. Such protections can only be secured through collective bargaining\u003C\u002Fp> \u003Cp>Unite national officer for finance \u003Cstrong>Rick Coyle\u003C\u002Fstrong> said: \u003C\u002Fp> \u003Cblockquote class=\"quoted\"> \u003Cp>Unite is engaging in urgent and frank negotiations with Barclays. We will also be offering support and guidance to our members at this difficult time.\u003C\u002Fp> \u003Cp>Barclays needs to put measures in place to upskill and adapt workers for new technology and that includes AI. As part of the Financial Service Skills Compact it should not be cutting jobs.\u003C\u002Fp> \u003C\u002Fblockquote>","The Unite union said it is engaging in “urgent and frank” discussions with Barclays over the 5,000 job cuts it announced today. General secretary Sharon Graham said: Barclays workers deserve better than this. The company is using AI as an excuse to discard its loyal and long-suffering workforce. Employers should be focussed on upgrading employees’ skills so that they remain employed as new technology changes the workplace. Instead, Barclays is guilty of taking a short-term, kneejerk approach. Unite is working with its members to find the best way forward to reset this destructive announcement. Unite said it recognises the need to embrace new technologies as industries evolve. However, these changes must never come at the expense of good, meaningful, skilled jobs, it said, adding that the introduction of new technology must happen with workers, not to workers. Unite, particularly within the finance sector, has spent years establishing AI and technology agreements that protect jobs and working conditions. These frameworks ensure that jobs remain meaningful, retain human oversight, prevent algorithmic decision-making, and guard against discrimination. Technology must benefit workers, not replace them, the union stressed. Improved efficiencies cannot just be used to pad profits or cut jobs; workers must share in the benefits of new technology. Such protections can only be secured through collective bargaining Unite national officer for finance Rick Coyle said: Unite is engaging in urgent and frank negotiations with Barclays. We will also be offering support and guidance to our members at this difficult time. Barclays needs to put measures in place to upskill and adapt workers for new technology and that includes AI. As part of the Financial Service Skills Compact it should not be cutting jobs.",[29,33,37,41,45,49,53,58,63,68,71,76,81,85,89,93],{"id":30,"type":31,"webTitle":12,"webUrl":32,"sectionId":31,"sectionName":12,"ref":30},"business\u002Fbusiness","keyword","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fbusiness",{"id":34,"type":31,"webTitle":35,"webUrl":36,"sectionId":31,"sectionName":35,"ref":34},"business\u002Fstock-markets","Stock markets","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fstock-markets",{"id":38,"type":31,"webTitle":39,"webUrl":40,"sectionId":31,"sectionName":39,"ref":38},"business\u002Fcurrencies","Currencies","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fcurrencies",{"id":42,"type":31,"webTitle":43,"webUrl":44,"sectionId":31,"sectionName":43,"ref":42},"business\u002Fcommodities","Commodities","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fcommodities",{"id":46,"type":31,"webTitle":47,"webUrl":48,"sectionId":31,"sectionName":47,"ref":46},"business\u002Fbonds","Bonds","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fbonds",{"id":50,"type":31,"webTitle":51,"webUrl":52,"sectionId":31,"sectionName":51,"ref":50},"business\u002Fbarclay","Barclays","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fbarclay",{"id":54,"type":55,"webTitle":56,"webUrl":57,"sectionId":55,"sectionName":56,"ref":54},"business\u002Fseries\u002Fguardian-business-live","series","Business live","https:\u002F\u002Fwww.theguardian.com\u002Fbusiness\u002Fseries\u002Fguardian-business-live",{"id":59,"type":60,"webTitle":61,"webUrl":62,"sectionId":60,"sectionName":61,"ref":59},"type\u002Farticle","type","Article","https:\u002F\u002Fwww.theguardian.com\u002Ftype\u002Farticle",{"id":64,"type":65,"webTitle":66,"webUrl":67,"sectionId":65,"sectionName":66,"ref":64},"tone\u002Fminutebyminute","tone","Minute by minute","https:\u002F\u002Fwww.theguardian.com\u002Ftone\u002Fminutebyminute",{"id":69,"type":65,"webTitle":18,"webUrl":70,"sectionId":65,"sectionName":18,"ref":69},"tone\u002Fnews","https:\u002F\u002Fwww.theguardian.com\u002Ftone\u002Fnews",{"id":72,"type":73,"webTitle":74,"webUrl":75,"sectionId":73,"sectionName":74,"ref":72},"profile\u002Fjuliakollewe","contributor","Julia Kollewe","https:\u002F\u002Fwww.theguardian.com\u002Fprofile\u002Fjuliakollewe",{"id":77,"type":78,"webTitle":79,"webUrl":80,"sectionId":78,"sectionName":79,"ref":77},"tracking\u002Fcommissioningdesk\u002Fuk-business","tracking","UK Business","https:\u002F\u002Fwww.theguardian.com\u002Ftracking\u002Fcommissioningdesk\u002Fuk-business",{"id":82,"type":73,"webTitle":83,"webUrl":84,"sectionId":73,"sectionName":83,"ref":82},"profile\u002Fkalyeena-makortoff","Kalyeena Makortoff","https:\u002F\u002Fwww.theguardian.com\u002Fprofile\u002Fkalyeena-makortoff",{"id":86,"type":73,"webTitle":87,"webUrl":88,"sectionId":73,"sectionName":87,"ref":86},"profile\u002Florenzo-tondo","Lorenzo Tondo","https:\u002F\u002Fwww.theguardian.com\u002Fprofile\u002Florenzo-tondo",{"id":90,"type":73,"webTitle":91,"webUrl":92,"sectionId":73,"sectionName":91,"ref":90},"profile\u002Fsarahbutler","Sarah Butler","https:\u002F\u002Fwww.theguardian.com\u002Fprofile\u002Fsarahbutler",{"id":94,"type":73,"webTitle":95,"webUrl":96,"sectionId":73,"sectionName":95,"ref":94},"profile\u002Faletha-adu","Aletha Adu","https:\u002F\u002Fwww.theguardian.com\u002Fprofile\u002Faletha-adu",false,1792738002243]