• 24 Jan 2013 at 2:33 PM

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]

23 comments (hidden to protect delicate sensibilities)
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Comments (23)

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  11. Posted by hey | January 25, 2013 at 9:52 AM

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  12. Posted by John | February 4, 2013 at 10:14 PM

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

  13. Posted by F*cked | February 5, 2013 at 4:04 PM

    It was today (Tuesday)…

  14. Posted by Diamonds forever | February 5, 2013 at 8:12 PM

    deep cuts across Europe but lighter in NYK.

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  20. Posted by sohbet | March 24, 2013 at 2:28 AM

    we always do a great job with our layoffs.

  21. Posted by sohbet | April 26, 2013 at 4:38 AM

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

  22. Posted by sohbet odalari | April 26, 2013 at 4:38 AM

    asdscial/banking subject. Citigroup as in Citibank?

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