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Barclays (BCS) is reportedly reducing the headcount at its investment bank by up to 2,000 out of...

Barclays (BCS) is reportedly reducing the headcount at its investment bank by up to 2,000 out of a total of 23,000 employees as part of its strategic overhaul, which CEO Antony Jenkins is due to unveil along with the bank's 2012 results in February. The cuts are in line with Jenkins intention not to "break-up the bank or exit from whole business lines."
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  • Ray Lopez
    , contributor
    Comments (1682) | Send Message
     
    Cry me a river. Considering these backstopped-by-the- taxpayer financial institutions spend more than half their expenses on bonuses, I'm sure these redundant bankers will get a nice parting present.
    23 Jan 2013, 08:10 AM Reply Like
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