BBC Online :
Barclays is expected to announce up to 15,000 job cuts as part of its new strategy due to be announced later, according to BBC business editor Kamal Ahmed.
That is significantly above the 10,000 to 12,000 the bank has already announced it wants to cut this year.
A large proportion will be in the UK – as high as 70%, our correspondent said.
Although the job losses will be mostly in the investment bank, Barclays’ retail operation will not be immune. Barclays’ chief executive, Antony Jenkins, would like to see the global workforce of the bank fall over the next six years from 140,000 to 100,000, according to our correspondent.
