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

|About: Barclays PLC (BCS)|By:, SA News Editor

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."