barclays-nips-and-tucks-its-global-workforce

Barclays nips and tucks its global workforce

Barclays cuts staff globally, but is still hiring selectively in the region.
While Barclays is cutting 2,100 jobs in its investment banking and investment management arms globally, it is still building teams in selective areas, specifically in Asia.

A bank spokeswoman declined to say yesterday how many of the 2,100 jobs cut around the world will be in Asia, but she was quick to point out that the firm has been building its Japan team.

But first, the firings. Overall, Barclays employs around 32,500 people in its investment banking and investment management divisions. More than 5,000 of those work in its Asia-Pacific investment banking, private banking and investment management teams.

Of the 2,100 jobs to be cut, sources say approximately 1,300 are expected to be in the...
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