Barclays CEO Says Asia Largely Spared From Global Job Cuts

CEO Venkatakrishnan strikes a cautious note on China expansion
Comments were made in a Bloomberg interview on Thursday

WATCH: Barclays CEO. Venkatakrishnan discusses the lender’s financial results, state of its businesses, cost custs and its businesses in Asia.Daybreak: Asia.”

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jan-Henrik Foerster, Haslinda Amin, and Ambereen Choudhury

November 2, 2023 at 12:42 AM UTC

Updated on

November 2, 2023 at 1:11 AM UTC

This article is for subscribers only.

Barclays Plc’s chief executive officer plans to spare its Asia business from the bulk of job cuts as the British bank embarks on a reduction in its global workforce.

“It is a reduction in workforce generally speaking,” CEO C.S. Venkatakrishnan said in a Bloomberg TV interview Thursday in Singapore. “Proportionally, it is far less likely to impact” Asia, he added, citing the growing businesses there.