bloodletting

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    News

    Layoffs Watch ’12: Some Barclays Senior Executives Want To Crank Things Up A Notch

    Earlier this month, it was reported that Barclays’ investment bank chief Rich Ricci was working on a little something called Project Mango,* which is similar to Bank of America’s Project New BAC in that one aspect of it involves firing a bunch of people, as part of a plan to revamp the unit. According to the Journal, management is now putting the finishing touches on Project M and all that is left to decide is whether cutting 2,000 IBD jobs is enough or if they should think bigger.

    / Dec 13, 2012 at 1:53 PM

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