Barclays slashed countless jobs across London and Asia over the last thirty days.
Sources near to Barclays told company Insider that staff have been either fired or made redundant mainly over the loan provider's IT functions when it comes to investment lender in London in February.
They add it solutions devices, for markets associated groups, had been hit the hardest.
This is because Barclays wants to reduce the size of its financial investment lender device in addition to improve their fragmented band of support functions.
Another resource said, however, that task slices tend to be minimal in Asia, versus London, because so many of this lowering of the workforce for the reason that region was already completed in 2014.
Barclays declined to touch upon Business Insider's conclusions.
On May 8 2014, Barclays disclosed it would be cutting 19, 000 folks from its workforce by 2016. Around 7, 000 were pegged is borne from investment an element of the bank. "This is a striking simplification of Barclays, " stated Antony Jenkins, CEO of Barclays on 8 in a statement. "We will be a focused intercontinental bank, running just in places where we ability, scale and competitive benefit."
Since this past year, Barclays employed 26, 000 men and women in its financial investment the main business while 38, 000 worked in retail financial.