Post any information about potential or actual Barclays layoffs? Any chatter, news or rumors?
4 replies (most recent on top)
Is a shame that they don’t getting any bonus for this that had been lay off after working hard for nearly eleven months
It laid off one of my friend on bereavement leave. Worst company ever heard off!
Bereavement Delegated and insolvency moved to India effective end of 2022
Barclays has laid off ~10 (maybe more) people in its US Technology team in the last week - just 2 weeks before Christmas. Barclays deliberately chose not to wait till after Christmas/NYE because doing so would have meant they would have had to pay annual bonuses to the affected employees. Instead they are getting away with just paying a two-week severance.
One of the laid off employees included a pregnant woman (who the bank knew was pregnant).
Think about how callous senior management needs to be to decide to lay people off in this manner. Just waiting for a month would've meant (at most) a few hundred thousand dollars extra in base pay + bonus for the affected employees. Which is basically the bonus of just ONE average investment banker. Also important to recognise that Barclays is (heavily) expected to pay their investment bankers a hefty bonus in 2022 vs 2021. Corporate scumminess at its worst.