Barclays Cuts Hundreds of Investment Banking Jobs in 2024
What’s happening at Barclays?
Barclays is reportedly planning to eliminate hundreds of jobs across its investment banking division.
Sources told news outlets, including Reuters, that the layoffs are part of the company’s annual review process.
“We regularly review our talent pool to ensure that we can invest in high-performing talent, execute on our strategy, and deliver for our clients,” Barclays said in a statement.
The latest reduction, which is expected to take place in the coming months, comes after the company slashed approximately 5,000 jobs in 2023.
SEE ALSO
• Barclays laying off 450 in U.K., possibly 5% of global trading division
• Citigroup to eliminate 20,000 workers over the ‘medium-term’
• Fidelity International laying off 1,000 workers, part of cost-cutting plan
Impact on Canadian staff
It remains unclear if any Canadian employees at Barclays will be let go.
According to the company’s LinkedIn page, it has more than 200 workers in the country.
If you’re a non-unionized employee, check out our Barclays Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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