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PC banking success ends 6000 jobs at Barclays

Not all bad news though -– 2000 PC banking jobs to come

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The Internet and the rise in popularity of telephone banking are being blamed in part for Barclays Bank's decision to cut 6000 jobs yesterday. The bank is expected to cough up around £400 million to pay off the hoards of back office staff facing the chop. Around 6000 Barclays staff have been given the bullet. At the same time, the high street bank has announced it is to take on around 2000 people to handle its Internet and telephone banking businesses. The decision has rocked the financial sector and could be a taste of things to come. No one form Barclays was available for comment. Last month, Egg, the virtual bank form Prudential, announced it would only accept applications for new accounts over the Net. ®

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