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.

Topics:
Comments
Also by This Author
What's Hot
Alternative Financial Services
New Partnership Set To Boost B2B eCommerce
Alternative Financial Services
University of Dubai Opts For New ERP System
B2B Payments
CMS Payments Site Heading For More Downtime
News
Visa’s Worst Nightmare: Smarter Bankers
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
New Partnership Set To Boost B2B eCommerce
Alternative Financial Services
University of Dubai Opts For New ERP System
B2B Payments
CMS Payments Site Heading For More Downtime
News
Cash Use—Is It Just An Age Thing?
View All Articles ››