"(This) exercise is being carried out so that we can start to effect some of the strategic...

|By:, SA News Editor

"(This) exercise is being carried out so that we can start to effect some of the strategic changes," reads a Barclays (BCS) memo sent out to its 9K U.K. employees as the firm prepares to slash jobs in its investment bank. The results of the "exercise" are expected on Feb. 12.