Barclays Cutting 1,000 Jobs, About 230 Eliminated in Asia

  • Bank to exit several Asian countries, keep prime brokerage
  • Bonus pool said to be cut by at least 10% at investment bank

Where in the World to Expect Job Cuts at Barclays

Barclays Plc Chief Executive Officer Jes Staley unleashed a fresh round of cuts at the investment bank that will eliminate 1,200 jobs worldwide and shut securities operations across Asia, people with knowledge of the matter said.

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