A British union that represents workers at Barclays said on Tuesday that the bank was cutting around 450 staff, as the lender cuts costs as it weighs a wider strategy overhaul.
said on Tuesday that the bank was cutting around 450 staff, as the lender cuts costs as it weighs a wider strategy overhaul."We continue to review and adapt our operations based on the ways customers are choosing to interact with us," a Barclays spokesperson said. "We are committed to supporting colleagues through this change, working closely with Unite.
"that Barclays was preparing to cut around 400 jobs in its retail bank, citing a source familiar with the matter, alongside hundreds of potential layoffs of underperformers in its investment bank."This isn't an organisation struggling to survive, this bank is making billions of pounds of profits," said Unite national officer Dominic Hook., amid some investor dissatisfaction at the bank's underperformance relative to Wall Street investment banks.
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