Barclays CEO Antony Jenkins Predicts Massive Job Cuts

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.

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.”

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