---
title: "Barclays Set to Cut 30,000 Jobs as It Looks to Increase Automation and Reduce Costs"
description: "Barclays bank has made big investments in the digital front end, but now it is looking to reduce costs through technology in the back-end. And that means job cuts."
date: "2015-07-20"
modified: "2015-07-20"
authors:
  - name: "Greg Richards"
    link: "https://futurism.com/authors/gregrichards"
url: "https://futurism.com/barclays-set-to-cut-30000-jobs-as-it-looks-to-increase-automation-and-reduce-costs"
categories:
  - "Future Society"
---

# Barclays Set to Cut 30,000 Jobs as It Looks to Increase Automation and Reduce Costs

![](<https://futurism.com/wp-content/uploads/2015/07/barclays4.jpg>)

- The Times has reported this weekend that Barclays is set to introduce a “radical redundancy” programme that could see 30,000 staff lose their job within the next two years.
- This would see its global workforce reduced by approximately a quarter and fall below the 100,000 figure by the end of 2017.
- The company’s Transform strategy highlights a commitment to the “integration of new technologies, including cloud-based platforms” which it says “will lead to significant reductions in headcount, physical IT infrastructure and data centres” – and it’s likely that this is what Barclays wants to see more of.