Layoffs Watch '10: Barclays Plans Ahead? - Dealbreaker

Layoffs Watch '10: Barclays Plans Ahead?

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Congrats to all those who made it through yesterday employment intact. Having said that...

A source close close to Phil Mickelson tells us: "There are now serious rumours of a second round of redundancies at BarCap in Q4 of this year, if the business environment does not materially improve."

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Remember when Bank of America said it was working on a little something called "Project New BAC," and it involved firing a whole bunch of employees? Barclays is apparently working on a coupla "projects" of its own.

Layoffs Watch '12: Barclays

Cuts are said to have gone down in Bob Diamond's den yesterday. "FYI: layoffs yesterday at Barclays Capital. Lev Fin was hit hard (though Barclays was nice enough to do the cuts after bonuses were handed down, in addition to giving 1-month's pay)."