• 06 May 2014 at 4:08 PM

Layoffs Watch ’14: Barclays

That big round of cuts CEO Antony Jenkins has been chomping at the bit to announce are expected to come later this week.

Barclays is poised to announce a cull of wheeler dealers as profits in its investment bank halved. The scandal hit firm is expected to unveil widespread job losses in the firm’s “casino” banking division on Thursday this week. Many London-based staff face the chop as boss Antony Jenkins sets out plans to overhaul the controversial arm of the bank…The biggest job losses are expected to come in the firm’s former Barclays Capital – Barcap – operations, built up by ex-chief executive Bob Diamond.

Barclays to reveal cull of investment bankers as profits fall [Mirror]

Earlier: Barclays Chief Needs Shareholders To Just Calm Down And Give Him Some Breathing Room While He Puts The Finishing Touches On Massive Layoff Plan

10 comments (hidden to protect delicate sensibilities)
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Comments (10)

  1. Posted by guesticles | May 6, 2014 at 4:57 PM

    [nervously girds loins]

  2. Posted by HandiCapital | May 6, 2014 at 5:37 PM

    Barclays "casino" banking…

    [youtube rbu0PVOUT3o http://www.youtube.com/watch?v=rbu0PVOUT3o youtube]

    "I'm sorry sir. It's heads."
    … "Almost"

  3. Posted by guest | May 6, 2014 at 6:27 PM

    Ex-Barclays Quant?

    -Ex-Lehman Quant
    -Ex-UBS Quant

  4. Posted by Guest | May 6, 2014 at 6:31 PM

    Its a dog eat gorilla world.

    -D. Fuld

  5. Posted by guest | May 6, 2014 at 7:11 PM

    My guess: All front office employees to be given option to work in compliance.

  6. Posted by Jamie Dimon | May 6, 2014 at 10:50 PM

    Don't still my ideas.

  7. Posted by vellymuch | May 7, 2014 at 7:29 AM

    My guess is you're either Indian or from Texas. Which is it?

  8. Posted by B Iteme | May 7, 2014 at 11:45 AM

    They are not mutually exclusive

  9. Posted by HorseMouth Horrell | May 7, 2014 at 12:42 PM

    "Goodnight Barclays Capital, BWA2014" If we were only so lucky to have this place vanish into the sea…..

  10. Posted by sorry | May 8, 2014 at 11:55 AM

    it's champing at the bit, not chomping

    – me, annoying even myself