Feeds

Job cuts start to bite at Barclays

IT department banking on limiting redundancies

Internet Security Threat Report 2014

Barclays Bank is cutting 200 jobs from its IT department, but the bank is hoping it will reduce the number of redundancies originally announced.

The redundancies are from its Global Retail and Commercial Banking department.

We received an email from a Barclays worker which said 200 permanent jobs in technology and shared services were going.

A spokeswoman for Barclays told us: "This is level two consultation for the 700 jobs we've already announced are having to go. In fact we now hope that we won't need as many as 700 cuts, more like half, or even less, than that number."

The bank said it would cut 1,800 positions by 2011 with some 700 going this year. Back in May 350 temporary and permanent jobs were cut. In January the company cut 400 IT staff whose: "roles and responsibilities are unclear".

The month before the bank forced contractors to take a ten per cent pay cut.

The bank is poised to sell its Barclays Global Investors business to Blackrock for about $13bn. ®

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.