Feeds

Barclays axes 422 UK IT staff

Job massacre will help wealthy bank 'innovate'

Internet Security Threat Report 2014

Barclays is cutting back its UK IT workforce by axing 422 jobs - mainly at Radbroke Hall in Knutsford, northwest England.

The bank euphemistically said that the lay-offs are part of "essential changes to technology and infrastructure". A well-placed source told The Reg that affected staff should expect more details on Monday.

Barclays stressed that the cuts would not affect their IT services, but would let the bank (net income for 2011: £6.1 billion) innovate and streamline "so that we can innovate in new technologies and services for our customers, and be as effective and efficient as possible". The bank reckons the reorganisation could create 40 new positions.

Barclays promised that they would aim to redeploy affected workers across the company as much as possible. A spokesperson added: "Whilst regrettably this will mean job losses, we will make every effort to mitigate compulsory redundancies and are working closely with Unite and impacted staff."

Unite union officer David Fleming thundered: "The decision by Barclays Technology to cut 422 jobs is a New Year's blow for the staff. The vast majority of jobs will be going from Radbroke Hall, Cheshire. There will also be jobs cut in Northampton and a scattering among other sites around the country."

In November, Barclays Capital cut IT contractor rates by 10 per cent. Barclays employs 57,000 people in the UK. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
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'
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
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.