More Barclays job cuts on the cards
(22 July 2015 – Britain) Barclays Plc is considering further job cuts, shrinking its workforce by around a quarter over the coming years.
At the end of December the bank employed 132,000 people when it said it would reduce staff numbers.
Eventually this could mean cuts of up to 100,000 employees.
The bank announced in 2014 its plans to eliminate some 19,000 jobs by 2016.
The Times of London reported on 19 July that Barclays has a plan to cut more than 30,000 people within two years, leaving fewer than 100,000 staff by the end of 2017.
Barclays said in May 2014 it will cut 7000 jobs at its securities division, about a quarter of the total, adding to some 12,000 reductions announced earlier that year.
Further job reductions would help bring Barclays in-line with British banks including Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, which have eliminated thousands of jobs, with some reductions through sales of business units.
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