Layoffs Watch '11: Barclays Makes Jobs Cuts Extra Special
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.