Barclays is drawing up plans to lay off as many as 2,000 staff as it seeks to cut its costs and reverse its declining profitability.
The London-headquartered bank is working on plans to save up to £1 billion ($1.25 billion) by laying off between 1,500 and 2,000 mainly back office staff, according to Reuters.
…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here