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]