Following on from yesterday’s announcement of 2,100 job losses worldwide, of which it now appears that 500 will be in the U.K., Barclays has announced another 2,100 job cuts, this time in its retail and commercial banking divisions, all of which will be from the U.K..
The company is hoping to avoid making compulsory redundancies, with many of the jobs being lost from Barclays’ branches and from Barclaycard.
Today’s cuts represent more than 4% of its U.K. workforce of 70,000, and brings Barclays’ total number of redundancies announced in the last few weeks to 3,000.
34,000 financial services jobs are expected to be cut this year, following 28,000 last year.
photo credit: Kai Hendry
- Get Financially Fit With Barclays Financial Wings (June 23, 2016)
- UK Consumers “Sceptical” About Benefits of Digital-Only Banks (October 17, 2016)
- Chip: Automatic Savings App Launched (October 13, 2016)
- Contactless Payments “Cause Brits To Overspend” (September 13, 2016)
- Experian Launches Free Credit Score Service (September 7, 2016)