Barclays CEO Antony Jenkins Predicts Massive Job Cuts

By  |  March 10, 2013
 | 

Barclays could cut as many as 40,00 of its 140,000 employees over the next several years, CEO Antony Jenkins said during a recent shareholders meeting last month.

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    The numbers are not viewed as a goal but rather represent “blue-sky thinking about the long-term future,” a Barclays insider told SkyNews.com.

    “He was talking about how the bank needs to be more efficient in general terms,” said a “person close to Jenkins.” “It’s about how we do the same or more with a smaller headcount, but there is no specificity about how much smaller.”

    Read the full story here.


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