Barclays plans to slash more than 30,000 jobs: Report

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Updated: July 20, 2015 4:56:48 PM

Barclays Plc is planning to cut more than 30,000 jobs within two years after firing Antony Jenkins, its chief executive, this month; a report said.

barclays job cutBarclays deputy chairman Michael Rake joined payments processing firm Worldpay as its new chairman in mid-July.(Reuters)

Barclays Plc  is planning to cut more than 30,000 jobs within two years after firing Antony Jenkins, its chief executive, this month; a report said.

The bank, which employed about 132,000 people at the end of December, is reducing staff numbers under a cost-cutting program announced by former CEO Antony Jenkins.

Sources reveal that job cuts may reduce Barclay’s global workforce to below 100,000 by the end of 2017 and is considered the only way to address the bank’s performance and hit a target to double its share price.

Barclays deputy chairman Michael Rake joined payments processing firm Worldpay as its new chairman in mid-July.

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