US EditionBarclays Set to Cut over 200 Investment Bank Jobs
- Barclays plans to reduce its workforce by over 200 positions within its investment banking division in the near future as part of CEO C.S. Venkatakrishnan’s strategy to enhance the division’s profitability.
- The job reductions follow the CEO's 2024 strategy targeting about £2 billion of efficiency savings by 2026 amid pressure to improve returns across the investment bank.
- The cuts, affecting mostly managing director roles and about 3 percent of headcount, aim to free capital for priority growth areas like European rates and equity derivatives trading.
- Barclays' investment bank generated £11.8 billion in revenue in 2024, with a 16 percent rise in markets revenue in early 2025 and shares up about 24 percent year-to-date.
- This workforce adjustment supports Barclays’ strategy to sustain investment in key segments, with a spokesperson stating it is part of ongoing talent reviews ensuring focus on priority areas.
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ABN Amro is carrying out a reorganization within its corporate banking department, the department that provides loans and other banking services to companies. This was confirmed by a spokesperson for the bank after questions from De Telegraaf. It would concern 'a small number of people', she could not immediately give a specific number.
·Amsterdam, Netherlands
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