Barclays (BCS) CEO Antony Jenkins reportedly wants the bank to cut almost 30% of its employees...

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

Barclays (BCS) CEO Antony Jenkins reportedly wants the bank to cut almost 30% of its employees over the next ten years as he prioritizes lowering expenses. The only question, Jenkins told a recent shareholders' meeting, is "how can you eventually turn this bank into one that can operate with 100,000 staff instead of 140,000?" The comments follow Barclays' recent announcement of major job and costs cuts as part of a strategic review.