Barclays Cut 5,000 Jobs in 2023, Sky News Reports
January 09 2024 - 2:09AM
Dow Jones News
-- Barclays reduced its workforce by 5,000 globally in 2023,
with a quarter of the cuts said to have affected its U.K.
operations, Sky News reports citing unnamed sources.
-- The reduction was through a mix of redundancies and vacancies
which won't be filled after last year's hiring freeze, Sky News
reports.
-- The British bank is expected to update investors on its plan
to cut costs and improve returns at its full-year results in
February.
-- Barclays didn't immediately respond to a request for comment
from Dow Jones Newswires.
Full story: http://tinyurl.com/4nxphrc9
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
January 09, 2024 02:54 ET (07:54 GMT)
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