Barclays To Cut 3,700 Jobs

By  |  February 12, 2013
 | 

Following a strategic review, British bank Barclays has announced it will be cutting 3,700 jobs across the Group. Other outcomes of the review include the reduction of the Group”Ÿs total cost base by £1.7bn to £16.8bn in 2015, including interim cost estimates of £18.5bn and £17.5bn in 2013 and 2014 respectively.

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    The bank also made two non-financial commitments: providing greater disclosure and transparency around their financial performance and embedding their purpose and values across Barclays and publishing an annual scorecard assessing their performance.

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