Barclays head hints at job cuts

As revenues continue to fall, cutting jobs remains an area of focus for the big banks looking to reduce operating costs and retain their competitive edge. Barclays’ chief executive Antony Jenkins has similar ideas to lower costs as he looks for a way to have the bank operate with 30% fewer staff, reports FT.com. Jenkins’ […]

By Staff | March 8, 2013 | Last updated on March 8, 2013

1 min read

As revenues continue to fall, cutting jobs remains an area of focus for the big banks looking to reduce operating costs and retain their competitive edge.

Barclays’ chief executive Antony Jenkins has similar ideas to lower costs as he looks for a way to have the bank operate with 30% fewer staff, reports FT.com.

Jenkins’ thoughts expressed at a shareholder will likely fuel speculation the bank is considering mass job cuts, including those of highly paid executives.

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