Investing.com — Barclays PLC (NYSE:BCS) is preparing to eliminate approximately 200 positions across its investment banking division, extending a broader restructuring push aimed at curbing expenses and sharpening operational efficiency. The reductions, which will span multiple seniority levels and focus primarily on hubs in New York and London, are slated to begin as early as Tuesday, according to a Bloomberg report citing people familiar with the matter.
The move underscores the British lender’s ongoing focus on cost discipline as global investment banks navigate uneven dealmaking activity and heightened competition for top-tier talent. Rather than representing a standalone retrenchment, the latest layoffs form part of Barclays’ routine annual performance and efficiency review, designed to reallocate capital toward strategic talent investments, Bloomberg reported.
Notably, these targeted reductions come on top of roughly 5,000 job cuts Barclays announced last month across its wider operations. That broader downsizing reflects a concerted effort by leadership to streamline the bank’s cost base and bolster returns amid shifting macroeconomic headwinds.
Attention will likely remain focused on how effectively Barclays balances near-term expense management with long-term competitive positioning across major financial centers.
Original Article
Barclays to cut about 200 investment banking jobs in New York and London – report
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