• 06 Feb 2013 at 9:12 AM

Layoffs Watch ’13: Barclays

The Brits are said to have alerted some staff that their services are no longer required at the bank.

From the front lines:

“Big cuts at Barclays in New York yesterday, across the board, ranging from associate to director. Morale is not great. Cuts are expected to continue in the UK today.”

46 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (46)

  1. Posted by Guy with A.D.D. | February 6, 2013 at 9:49 AM

    FREEEEEEDDDDOOOMMMM !!!!

  2. Posted by I know very little | February 6, 2013 at 9:56 AM

    i know equity derivatives and research got hit.

  3. Posted by guest | February 6, 2013 at 10:03 AM

    sad trombones

  4. Posted by guest | February 6, 2013 at 10:25 AM

    EM sales, too

  5. Posted by Chuck Roast | February 6, 2013 at 10:40 AM

    Alright saget! Now who wants felafel?

  6. Posted by InfiniteGuest | February 6, 2013 at 10:54 AM

    Shredding the legacy. On the bright side, when the bonus talks begin you'll know the cuts are over.

  7. Posted by guest | February 6, 2013 at 12:06 PM

    Getting fired 2 days before bonus numbers come out, priceless.

  8. Posted by PermaGuestII | February 6, 2013 at 12:22 PM

    Fixed income sales & trading got decimated– Chicago office as well as NY.

  9. Posted by Semantics 101 | February 6, 2013 at 12:32 PM

    No, there is a price on that: 2 week's pay for every year.

  10. Posted by Joe Sixpack | February 6, 2013 at 12:39 PM

    2weeks? The NKI!

  11. Posted by some guy | February 6, 2013 at 12:39 PM

    This is standard operating procedure these days. I guess you didn't get the memo.

  12. Posted by St. Copious | February 6, 2013 at 1:07 PM

    these cuts are pre-bonus?? classy barclays. this must be part of jenkins' new focus on doing business the honorable way, all the time.*

    *starting tomorrow.

  13. Posted by Hugh Jass | February 6, 2013 at 1:19 PM

    Bess – you are losing your touch – we used to get this shit in real time. A day later makes this place the equivalent of Reuters. Come on damn it – we have needs….

  14. Posted by PermaGuestII | February 6, 2013 at 1:21 PM

    Classy with a capital "K"

    Sounds as if they've decided to term everyone with more than 5 yrs seniority in favor of inexperienced kids they're hiring on the cheap. Consultant-driven management at its finest.

    Now watch them get whacked when the rates market moves against them and they don't have anyone on staff that's ever seen a Fed hike.

  15. Posted by Oliverbradybunch | February 6, 2013 at 1:28 PM

    How did electronic do?

  16. Posted by nachocheese | February 6, 2013 at 1:37 PM

    do you mean "most right and honourable"?

  17. Posted by nachocheese | February 6, 2013 at 1:38 PM

    they pulled the plug

  18. Posted by Question | February 6, 2013 at 1:45 PM

    Is that Barclays Live?

  19. Posted by guest | February 6, 2013 at 1:54 PM

    The cuts will continue until morale improves!

  20. Posted by Guest | February 6, 2013 at 2:27 PM

    When the rates go up, you buy more incase they go higher.
    -BarCap Senior Rates Analyst

  21. Posted by Guest | February 6, 2013 at 2:28 PM

    Well duh! They want their income to increase, not stay fixed.

  22. Posted by Bobby | February 6, 2013 at 2:30 PM

    How did international sales do in San Francisco and NYC?

  23. Posted by Ricky Dale Edison | February 6, 2013 at 4:13 PM

    Don't get short with him! Watts the point?

  24. Posted by guest | February 6, 2013 at 4:18 PM

    Sounds like Barclays couldn't even get this round of cuts right, according to Bloomberg today, they are going to cut another 275 from IB in May.

  25. Posted by Phred | February 6, 2013 at 4:18 PM

    Those would both be domestic cities, dumbass.

    -Moody's Geography Analyst.

  26. Posted by Guest | February 6, 2013 at 4:33 PM

    How did advisory do?

  27. Posted by PermaGuestII | February 6, 2013 at 4:40 PM

    You know, that comment Hertz.

  28. Posted by guest | February 6, 2013 at 4:44 PM

    funniest shit i read in ages

  29. Posted by guest | February 6, 2013 at 4:59 PM

    You're an idiot.

  30. Posted by guest | February 6, 2013 at 5:00 PM

    I'd say 6 hours ahead of BBERG is pretty good.
    http://www.bloomberg.com/news/2013-02-06/barclays

  31. Posted by Pants Pisser | February 6, 2013 at 5:53 PM

    That'll be a fun atmosphere for the next few months.

  32. Posted by Guesty | February 6, 2013 at 5:57 PM

    And right after Phil's big weekend in Phoenix…

  33. Posted by John | February 6, 2013 at 6:16 PM

    If the Bloomberg article is right (and I have no reason to believe it is not), then why would anyone good stay there? And if the markets improves, even the marginal people will leave. They will have to make some kind of announcement if the article is false (and again, I do not believe it is)

  34. Posted by DuhVry | February 6, 2013 at 6:20 PM

    I'm guessing you've been out of Univ of Phoenix for a year?

  35. Posted by Bobby | February 6, 2013 at 6:32 PM

    Are you an idiot? There are international sales people in the US. Let me guess, white make who doesn't speak another language and is totally uncultured.

  36. Posted by Guest | February 6, 2013 at 6:50 PM

    I'm just going to assume the only upvote you had until I took it away was your own since this is one of the dumbest things I've ever read on here.

  37. Posted by Linsay | February 6, 2013 at 7:08 PM

    Wow, how dumb are you? There are international sales in SF and NYC. The world doesn't just me America you idiot.

  38. Posted by Bob Diamond | February 6, 2013 at 7:37 PM

    So they are hiring?

  39. Posted by Herschel | February 6, 2013 at 8:18 PM

    Please diagram this sentence, and then reflect upon the last two words:

    "The world doesn't just me America you idiot."

  40. Posted by Phred | February 6, 2013 at 8:21 PM

    Possibly. But unlike you, I know the difference between "k" and "l", and I didn't just discover Dealbreaker 10 minutes ago.

  41. Posted by swiss hedge | February 7, 2013 at 8:47 AM

    They got advised of impending doom.

  42. Posted by swiss hedge | February 7, 2013 at 8:48 AM

    dyslexia rules ko!

  43. Posted by guest | February 7, 2013 at 8:51 AM

    I am America, and so can you!

  44. Posted by SAJ | February 7, 2013 at 11:37 AM

    no they are only fcuking as you did with them.

  45. Posted by Kling | February 7, 2013 at 11:55 AM

    America, fuck yeah!

  46. Posted by Billy Bob | February 7, 2013 at 12:44 PM

    I am white person and I don't speak another language and think there is only US sales! Hahaha