Does anyone know more about the hiring freeze happening in IB division? How long is it expected to last?
Topics regarding layoffs at Barclays plc
They closed the office located in Wilton, Maine - Barclaycard Services Operation Center. The center closed on 3/31. Barclays management eliminated several positions, there was about 200+ layoffs... If you’re a member of production, take note the only... — read more
No coverage here, but here is the scoop – we’ll be moving about 500 people from Wilmington to Whippany, some are transferring and some will be laid off. Standard Barclays’ severance with placement help (job search, resume writing etc). It looks like... — read more
Any updates for New York regarding layoffs?
Just wanted to open this thread, if you are in Knutsford you may want to chime in on the redundancies.
Banking will be fine going forward
Is there going to be any reorg or Barclays Layoffs in 2019?
WARN Details Date of Notice: 4/9/2018 Amended: 4/23/2018 Event Number: 2017-0322 Rapid Response Specialist: Stuart Goldberg Reason Stated for Filing: Plant Layoff Company: Barclays Services Corp. (Chief Operating Office teams) 745 Seventh Avenue New... — read more
How many times has Barclays restructured in the past ten years? I lost count. It seems like restructuring is simply a new fancy word for layoffs. It's no surprise our morale is so down. Every day we are expecting to hear about new restructuring, new... — read more
don't be fooled by what looks like attractive pay at first glance. any extra money you receive from barclays will be spent compensating for lousy benefits, especially health insurance copay. that's far from the only downside of this job... — read more
Hearing whispers of more layoffs coming, but I simply can't figure out who's left to cut? All the teams have already been cut to bare bones... Take more people away and there will be no way to function properly... Not to mention that it reactivates... — read more
I know banks tend to be bureaucratic by nature, but Barclays is in a league of its own. It's so bad that it's hard to get most things done in reasonable time. I'm not sure how nobody realizes how much we could improve our business if we simply cut a... — read more
Rumors are flying around, rumors sometimes can be true especially when they are talking about layoffs in London.
I never thought that I'll be surprised here again, but layoffs in corporate are always a juicy topic. Have you heard that we may have layoffs in London.
...is a speeding freight train. http://www.wsj.com/articles/barclays-cut-in-half-as-europe-slims-down-on-wall-street-1470250141 — read more
Major cuts in early 2016 will continue, you can rest assured. This has been reported widely.
I believe there was an official statement that we'll cut 16,000 people by the end of 2016. I think the target for 2015 was around 9,000. Most of the cuts will be in the UK but the US, Spain will be affected as well. We like to cut on the investing... — read more
820 managers to be let go. 4000 people were cut, and cuts will continue. we'll probably eliminate up to 7K people in 2014
wrong board buddy, this is barclays, not ubs, given that the same scenario is playing out at both places, no wander you are confused. yeah!
can someone email me one day when there are no ubs layoffs?
deep cuts across Europe but lighter in NY.
If the Bloomberg article is right (and I have no reason to believe it is not), then why would anyone good stay there? And if the markets improves, even the marginal people will leave. They will have to make some kind of announcement if the article is... — read more
Sounds like Barclays couldn't even get this round of cuts right, according to Bloomberg today, they are going to cut another 275 from IB in May.
How did international sales do in San Francisco and NYC?
Fixed income (sales/trading) annihilated, Chicago office as well as NYC.
This is standard operating procedure these days. I guess you didn't get the memo.
Getting fired 2 days before bonus numbers come out, priceless.
Classy with a capital "K" Sounds as if they've decided to term everyone with more than 5 yrs seniority in favor of inexperienced kids they're hiring on the cheap. Consultant-driven management at its finest. Now watch them get whacked when the rates... — read more
these cuts are pre-bonus?? classy barclays. this must be part of jenkins' new focus on doing business the honorable way, all the time.*
i know equity derivatives and research got hit.
The crash of 2008 was good business for Barclays since they bought Lehman assets for pennies.
I thought layoffs in Asia/Pacific and Europe were finished, and mostly senior guys got let go. Nobody knows what will happen next Tuesday, but I bet the conversion rate won't be impacted.