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Layoffs Watch '11: Barclays Makes Jobs Cuts Extra Special

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Yesterday we reported that BarCap US IBD had kicked off a new round of cuts, affecting all levels, with the Global Finance target thought to be around 10% of the headcount. We're also told sacked employees were sent packing with quite the parting gift.

Apparently everyone who was told yesterday that their services were no longer necessary-- a week or so ahead of those being allowed to keep their jobs hearing numbers-- will be receiving no bonus for the work they did in 2010.


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)."

Layoffs Watch '16: Barclays Starts Investment Banking Cuts

Layoffs are said to be underway at the British bank.