Barclays Plans 5,000 Job Cuts by 2026
Barclays says the planned reductions represent around 5% of its global workforce; about 1,000 positions have already been eliminated, mostly in UK operational and support functions. The bank also reported £2.3 billion in profit and announced a £500 million share buyback.
The planned reductions represent around 5% of Barclays' global workforce, despite the bank reporting higher quarterly profits and announcing a £500 million share buyback.Around 1,000 positions have already been eliminated, with most cuts targeting UK operational and support functions, including sof…