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Layoffs Watch ’13: Barclays

Earlier this week Barlcays promised not to dawdle when it comes to canning the 2,000 employees slated to be cut. Today employees in Asia got to experience that follow-through in action!

Barclays is laying off 15% of the employees, or about 70 people, from its investment banking division across Asia starting Thursday, people familiar with the matter said, as part of the U.K.-based bank’s move to shrink its investment banking division globally. The job cuts in Asia will hit the bank’s merger and acquisitions advisory, global finance, risk, equity capital markets and debt capital markets divisions, the people said. Equity capital markets bankers handle share sales for companies, while their debt capital markets peers arrange bond deals. The Asian job cuts come as the bank is laying off about 10% of its investment banking workforce worldwide, or some 2,000 employees.

Barclays Asia Division Hit With Layoffs [WSJ]

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23 Responses to “Layoffs Watch ’13: Barclays”

  1. Guest says:

    This website fcking sucks now

  2. Guest says:

    The way it goes these days the site should be renamed. I suggest contest for best new name, and I have few candidates: DailyLayoffs.com of fuckedcompany.com or DailyCuts.com or FuckStreet.com

    – Domain grabber.

  3. hey says:

    Barlcays ftw.

  4. John says:

    Looks like it is FINALLY happening Tuesday and Numbers Day is Thursday

  5. F*cked says:

    It was today (Tuesday)…

  6. Diamonds forever says:

    deep cuts across Europe but lighter in NYK.

  7. sohbet says:

    goods blogs thanksasdasd

  8. seks sohbet says:

    Örnek degilmidir bendeki sen?

  9. cinsel chat says:

    Kazanmaktan baska birşeyden öteridir

  10. sohbet says:

    we always do a great job with our layoffs.

  11. sohbet says:

    now much of financial/banking subject. Citigroup as in Citibank?

  12. asdscial/banking subject. Citigroup as in Citibank?