Barclays joins ranks of funding banks wielding jobs axe
Barclays is becoming a member of the ranks of worldwide funding banks taking the axe to jobs amid a slowdown in dealmaking and inventory market flotations.Sky News has learnt that the British lender will this week lower greater than 100 roles in its funding financial institution, with sources saying the layoffs wouldn't be confined to a single nation or perform inside the enterprise.
Although modest in measurement, the redundancies level to additional makes an attempt by executives to trim prices throughout a tough interval for the worldwide economic system, with sharp declines in merger exercise in some markets seen in current quarters.Barclays was reported final November to have lower roughly 200 jobs in its funding financial institution, making the most recent cuts the sec...