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Barclays axes 5,000 jobs globally in cost-cutting drive

Barclays is cutting 5,000 roles globally to reduce costs and improve profitability.
The majority of the impacted individuals work in support functions and management layers as the bank prioritizes technology and automation.
The job losses are part of Barclays' ongoing efficiency program and have resulted from redundancies and a hiring freeze.

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12 Articles

12 Articles

Barclays has made redundancies of 5,000 people

British bank Barclays has confirmed that it has cut thousands of jobs worldwide as part of a massive cost-cutting action, the BBC reported.

3 years ago·Budapest, Hungary

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Evening Standard

Barclays cuts 5,000 jobs as it slashes costs in 'efficiency drive'

The bank made thousands of cuts last year as it 're-shapes' business

3 years ago·London, United Kingdom

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Barclays Headcount Fell by 5,000 Last Year in Cost-Cutting Push

Barclays Plc said its global headcount dropped by about 6% over 2023, the most visible sign yet of the bank’s cost-cutting push.

3 years ago·New York, United States

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Barclays bank cut 5,000 jobs in cost-saving drive

The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.

3 years ago·London, United Kingdom

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Barclays slashed 5,000 jobs last year in major cost-cutting drive

Barclays slashed its workforce by around 5,000 jobs in 2023 as part of a major cost-cutting drive announced last year, the bank said Monday.

3 years ago·New York, United States

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The Independent

Barclays axes around 5,000 jobs globally

The bank said the jobs were ‘removed’ as part of its ‘ongoing efficiency programme’.

3 years ago·London, United Kingdom

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Coverage Details

Total News Sources12

Leaning Left2Leaning Right2Center8Last Updated3 years agoBias Distribution

67% Center

Bias Distribution

67% of the sources are Center

67% Center

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Sky News UK broke the news in United Kingdom 3 years ago on Monday, January 8, 2024.

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