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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Barclays could axe up to 2,000 jobs in £1bn cost-cutting drive

Barclays CS Venkatakrishnan BX
Signage on a branch of Barclays in London
Barclays is expected to give full details of its cost-cutting plans when it announces its full-year results in February. Photograph: Peter Nicholls/Reuters

Barclays is reportedly working on plans to cut up to 2,000 jobs in a £1bn cost-cutting drive, weeks after the bank’s bosses warned of the need to restructure to boost profits and dividend payments to shareholders.

The shake-up is expected to affect mainly back office jobs in departments such as compliance, human resources and legal, according to a source cited by Reuters.

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