Reports suggest that Barclays will cut 30,000 jobs
The Times reported over the weekend that Barclays plans to cut more than 30,000 jobs within two years, as the bank considers this to be the only way to address its chronic underperformance and double its share price; reports suggested the cuts were likely to affect staff at middle and back office operations. However, Barclays has since denied this, claiming the only jobs to go will be the ones announced in May.
Barclays has scotched reports that it will slash more than 30,0000 jobs within two years and claimed the only roles to go are the ones it announced last May.

A Times report over the weekend said the swathe of job cuts would pull the bank’s global workforce below 100,000 by 2017 as part of wider plans to kickstart its flagging performance. The report quoted senior sources, who added that the redundancies would likely affect mid-tier staff as well as those working in its back office.