Barclays Cuts Jobs in Energy Transition Team It Only Just Built
- Eight cut from energy transition, sustainable banking teams
- Units’ cuts are in line with those made across investment bank
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Not even one of Barclays Plc’s most prominent dealmaking pushes is being spared in the bank’s cost-cutting drive.
Six people are being cut from the team of more than 100 bankers focused on energy transition that was built earlier this year, according to people familiar with the matter. The moves, which are part of broader job cuts at the company, included staffers with expertise in climate technologies, such as carbon capture and hydrogen.