Barclays Blames Mobile For Branch Layoffs

By  |  November 15, 2013
 | 

Barclays is citing the growth of mobile banking as a contributing factor for its reduction in branch staff, according to a November 15 story from Finextra.

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    Barclays staff were reportedly told that mobile banking, as well as other new banking channels, had reduced the need for in-person services. Managers, personal bankers and cashiers, among other branch staff, are facing the risk of lay-offs starting next year.

    Barclays intends to reduce 1,700 positions in 2014.

    To learn more about the pending Barclays layoffs, read the full story here.

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


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