News Column

Barclays cuts 400 more staff

January 31, 2014


BARCLAYS is cutting 400 staff in its corporate banking arm as part of chief Antony Jenkins' long-term plan to use new technology to automate more processes, the bank said yesterday. Of those, 300 are in operations and technology, the biggest chunk of whom are in London . The remaining 100 are mostly in product specialists. Relationship managers will be trained to take over their roles. Another 120 jobs are potentially under threat.

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Source: City A.M. (UK)

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