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Barclays To Trim Headcount By 140
Barclays is shedding 140 jobs at its corporate division.
Barclaysis shedding 140 jobs at its corporate division,The Wall Street Journalreports. The layoffs are a part of the bank’s ongoing strategy to trim costs across the company by downsizing.
Out of the total job cuts, 100 will be compulsory and 40 voluntary. The move follows the merger of the infrastructure ofBarclays Corporatewith its investment banking businessBarclays Capital.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.