Barclays Cuts Jobs As Part Of New Strategy

What's Next In Payments®
4:13 PM EDT February 12th, 2013

Barclays has announced that it is cutting 3,700 jobs and scaling back its European and Asian equities businesses as it attempts to move on from the path set by former CEO Robert Diamond, according to the Wall Street Journal.

“Barclays is changing … there will be no going back to the old way of doing things,” said new CEO Antony Jenkins. “It’s time to move on.”

The cuts will effect less than 4 percent of Barclay’s workforce and 1,800 of the eliminated jobs will come from Barclay’s investment bank.

Read the full story here.

Also by This Author
What's Hot
Square Launches Register App Platform
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››