Barclays to cut about 200 investment banking jobs in New York and London - report
In short
Barclays is preparing to eliminate approximately 200 positions from its global investment banking workforce according to recent reporting. The planned workforce reductions are set to focus primarily on offices located in London and New York. These staff cuts center on the firm's primary corporate finance and capital markets operations.
Key points
- Staff reductions will specifically impact investment banking talent across major financia…: Staff reductions will specifically impact investment banking talent across major financial capital hubs.
- Around 200 employees will be affected by the reported headcount reduction at Barclays.: Around 200 employees will be affected by the reported headcount reduction at Barclays.
- The bank is concentrating its personnel cutbacks on operations in London and New York.: The bank is concentrating its personnel cutbacks on operations in London and New York.