Barclays has had a tough few months with tumbling share prices and weak third-quarter results. Now, the British lender is reportedly planning to carry out a round of sweeping layoffs as part of a cost-cutting program worth a billion dollars.
The London-headquartered Barclays is working on plans to slash costs by as much as £1 billion ($1.25 billion) which could including cutting 2,000 jobs, Reuters reported Thursday, citing people with knowledge of the matter.
