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Barclays plans to cut 5,000 jobs by 2026, driven by automation and AI, with 1,000 positions already eliminated. The UK government is assessing the potential impact of AI on employment, noting that up to 8 million jobs could be at risk. Administrative roles are particularly vulnerable, with women facing a higher risk of job loss due to automation. The government is considering measures to support workforce adaptation, including retraining programs. The situation at Barclays highlights the broader trend of job restructuring in the banking sector as companies seek to reduce costs and improve efficiency through technology.