This tag is associated with 10 posts

Barclays – To cut more than 30,000 jobs. Yes or no ?

Barclays Plc plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday. This redundancy program, which could reduce the bank’s global workforce below 100,000 by 2017 end, is considered as the only way to address the bank’s chronic underperformance and double its … Continue reading

Barclays – Could cut 7,500 jobs

Barclays Plc (BARC), the U.K.’s second-largest bank by assets, could eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, according to a report by Sanford C. Bernstein.  The European fixed-income, currencies and commodities business, or FICC, may be the hardest hit, with about 5,000 job losses, analysts led by Chirantan … Continue reading

Barclays / 12,000 confirmed job cuts this year

British bank Barclays said Tuesday it planned to axe between 10,000 and 12,000 jobs this year, including 7,000 in Britain. The bank, which now employs 140,000 people worldwide, described the job cut as an effort made to lower costs. The cuts will involve 820 management persons, including 220 senior ones. The Barclays chief executive Antony … Continue reading

Baclays / 400 jobs cut in corporate banking

Barclays is cutting 400 jobs from its corporate banking division, adding to the similar number of people axed by its investment bank this week as Chief Executive Antony Jenkins wields a cost-cutting knife. The bank cut 3,700 jobs last year. Chosen excerpts by Job Market Monitor. Read the whole story at Baclays cuts 400 jobs in corporate … Continue reading

Barclays / To cut 1,700 branch network jobs says Unite union

British bank Barclays (BARC.L: Quote) is cutting 1,700 jobs from its branch network as it moves to increase automation across its branches, the Unite union said on Thursday Continue reading

UK / Barclays To Offshore 4,000 Jobs

Barclays Plc is planning to move 4,000 jobs to low cost locations overseas by 2015 to cut costs Continue reading

Barclays, Deutsche Bank / To cut pay up to 20 percent

Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Britain’s Barclays is finalizing bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 … Continue reading

Barclays / Could cut up to 2,000 jobs

Antony Jenkins, the bank’s new chief executive, announced in September that some parts of the bank would “shrink” as part of the overhaul, although he has ruled out a break-up of the scandal-hit lender. The job cuts could be announced early next year, the Wall Street Journal reported, and would represent around 10pc of Barclays’ … Continue reading

Barclays / 3,500 jobs could be cut

Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank’s culture in the wake of the financial crisis. The future shape and size of the investment bank is seen as the most critical part … Continue reading

Barclays to cut 600 jobs in India

Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said. This, however will not translate into an equal number of job losses as some of them will get accommodated within the company, apart from natural attritions over a nine-month period when the … Continue reading

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