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
B2B Payments
Global Trade Entity Nets Coveted Trade Finance Certification
B2B Payments
British Utility Firm Excited For New, Streamlined Payments Systems
B2B Payments
Food Company Chooses Tungsten For Better Payment Processing
B2B Payments
New Cross-Border Payment System Hits Thailand And Hong Kong
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
B2B Payments
Global Trade Entity Nets Coveted Trade Finance Certification
B2B Payments
British Utility Firm Excited For New, Streamlined Payments Systems
B2B Payments
Food Company Chooses Tungsten For Better Payment Processing
B2B Payments
New Cross-Border Payment System Hits Thailand And Hong Kong
View All Articles ››