Feeds

Job cuts loom for Barclays IT staff

Up to 200 jobs could go

Internet Security Threat Report 2014

Barclays Bank is to cut as many as 200 jobs from its IT staff, according to reports. The company confirmed that redundancies are in the pipeline, but declined to discuss specific numbers.

The bank, which has recently appointed a new head of IT, also confirmed that it would be "reviewing the structure and nature" of its £350m outsourcing deal with EDS, adding that by its very nature, the deal with EDS was a "one off".

Barclays confirmed that it is implementing a new grading structure for performance reviews, by which employees will be ranked from A to D. Employees given a D grade are believed to be the ones most likely to lose their jobs, according to The Times.

"The A-D rankings apply to our senior managers across the whole of the bank, not just the IT department," the company said in a statement. "It is always better for us to improve an employee's performance than to replace him or her. If you can't it is right to manage an underperforming employee out of the organisation."

Rumours that Barclays is likely to drop its contract with EDS have been circulating in recent weeks, but the services company would not comment further, not would it speculate as to any likely successors.

At the time of writing EDS had not returned our calls seeking comment, but a spokeswoman for the company told The Times: "We are confident that our agreements with Barclays are flexible enough to accommodate the bank’s changing requirements."®

Internet Security Threat Report 2014

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.