Barclays Said to Plan Further 20% Investment Bank Job Cuts

  • Bank said to focus job cuts on Asia, global cash equities
  • Reductions come on top of existing cost-cutting program

Barclays Plan Additional 20% Investment Bank Job Cuts

Barclays Plc may cut an additional 20 percent of investment bank staff, with most of the losses in Asia and the global cash equities business, as Chief Executive Officer Jes Staley seeks to shore up profitability, according to people with knowledge of the decision.

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