Thread regarding Barclays PLC layoffs

Barclays Redundancies 2015

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 banking side just because the compensations are higher over there, so savings will be bigger. Other than that, we'll see the retail side shrinking, redundancies over there are always existing.

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Also, we like to cut managers, again, they are highly compensated

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