Barclays to axe 14,000 jobs this year

A third of people who work for Barclays investment bank will lose their job by 2016, the bank announced this morning.


As a group Barclays says the number of people who lose their jobs this year will rise to 14,000 (up from 12,000) as bank cuts costs.

Read: Barclays to axe 7,000 jobs in investment division


Barclays to cull investment bank with 7,000 job cuts

Barclays is to cut 7,000 jobs from its investment banking division by 2016. It already announced job losses across the group of 12,000 for this year, but this has been increased to 14,000 as a result of the investment bank changes.