Barclays is aggressively reducing its global workforce, eliminating approximately 5,000 jobs, including 'hundreds' in the United Kingdom, as part of an extensive cost-cutting strategy to enhance the bank's profitability. This reduction, which represents a 6% decrease in the bank's total headcount over the course of 2023, is the second major cut in less than a year. The layoffs are part of the bank's broader effort to streamline operations, deliver higher returns, and simplify and reshape the business, with many of the eliminated positions being in support functions.
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Barclays is in the process of removing 5,000 roles from its global workforce as part of a renewed push by executives to slash costs and improve the bank's profitability Read more๐ https://t.co/ztPBcRlYzf
Barclays said it has axed around 5,000 jobs globally during 2023 to "simplify and reshape the business" https://t.co/6eSF0eVFbh
Barclays axes 5,000 jobs worldwide in bid to cut costs https://t.co/DqYiBbd6L9
Barclays announces change affecting 5,000 people to 'deliver higher returns' https://t.co/wusEd4LlOj
Barclays slashed 5,000 jobs in 2023 as latest overhaul ramps up https://t.co/plkLT9Strj https://t.co/m95TkeGBB2
Barclays slashed 5,000 jobs last year in major cost-cutting drive https://t.co/AxLi2BPwhI https://t.co/bo3O0au7qT
Barclays bank cut 5,000 jobs in cost-saving drive https://t.co/DeBtiiUBsK
Barclays axes 4,000 jobs globally in cost-cutting drive Read more๐ https://t.co/VHU2y32iCO
Barclays is cutting 5,000 jobs - including 'hundreds' of roles in the UK https://t.co/BNNaL0g2Eu
Barclays said its global headcount dropped by about 6% over 2023, the most visible sign yet of the bankโs cost-cutting push. https://t.co/rjcnrCAJBK
Barclays Bank to eliminate 5,000 jobs worldwide, its second major cut in less than a year & representing nearly 6% of the workforce
Barclays cutting around 5,000 jobs - Sky News https://t.co/vOkcx3b01y https://t.co/ZSmSXXlQP3
BREAKING: Barclays is in the process of removing around 5,000 jobs from its global workforce as part of a renewed push to slash costs and improve the bank's profitability. @MarkKleinmanSky reports. Latest: https://t.co/jMsQXhl9A3 ๐บ Sky 501, Virgin 602 and Freeview 233 https://t.co/kwZx5o33Fd