Barclays CEO Said to See 28% Staff Drop in Decade on Automation
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Barclays Plc Chief Executive Officer Antony Jenkins told some of the lender’s shareholders that the company may shed almost a third of its workforce over the next decade as automation and online banking cut the need for staff, two people familiar with the conversations said.
Jenkins, 51, discussing the long-term future of the bank in meetings with shareholders, said the London-based lender could foresee reducing staff levels by 28 percent to about 100,000 over a period of about 10 years, according to the people, who declined to be identified as the discussions were private.