Britain’s Barclays Plc is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7 percent of their staff, a person familiar with the matter said on Tuesday.
Reuters
Britain’s Barclays Plc is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7 percent of their staff, a person familiar with the matter said on Tuesday.
Barclays confirmed it had started a consultation period with staff “to reduce headcount across some parts of IBIM to ensure that we are appropriately sized given the current market conditions.”
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The source said investment bank Barclays Capital will lose about 1,300 jobs, or 6 percent of staff. About 500 jobs will go in Barclays Wealth and over 300 in Barclays Global Investors, he said.
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