Barclays to cut 2,000 jobs in Investment Bank
24 January 2013
Around 2,000 jobs in Barclays’ investment bank are at risk, according to recent reports.
The bank sent out letters to staff warning of the cuts - Barclays has not confirmed how many jobs are at risk but said that more details will be revealed in February 2013.
A spokesman from Barclays said: “This exercise is being carried out so that we can start to effect some of the strategic changes as a consequence of the Transform review of Barclays business.
Barclays is currently reviewing its operations following the Libor-rigging scandal. The banking giant was fined £290 million by UK and US regulators.
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