Layoffs Watch '15: New Barclays CEO Mulling Over Giving Additional 20% Of Investment Bank The Heave-Ho
Maybe consider holding off on shooting the British bank a résumé, just for the time being. And no hot air balloon rides for the current staff.
The CEO said he will keep the ban in place “for a long time” at a townhall meeting in London on Dec. 2, said the people, who asked not to be identified because the meeting was private. A previous freeze, implemented by Chairman John McFarlane in September, was due to be reviewed in January...Staley, who took charge on Dec. 1, is considering whether to cut an additional 20 percent of staff at the investment bank, the lender’s most expensive and least profitable division, people familiar said last week. The heaviest losses will come in Asia and the global cash equities business, which are not competitive enough, according to the people, as the company focuses on businesses in the U.K. and the U.S.
Barclays CEO Staley Said to Freeze Hiring 'for a Long Time' [Bloomberg]
