Barclays to Cut Hundreds of UK Jobs in Annual Review and Strategy Overhaul

Barclays is planning to cut hundreds of jobs as part of an annual review and wider strategy overhaul.
Cuts could include up to 400 roles in the UK retail business, though numbers are not finalized.
CEO Venkatakrishnan is conducting a strategy review amid investor dissatisfaction with underperformance.
Barclays' Wall Street rivals like Morgan Stanley and Goldman Sachs have also cut jobs this year.
Job cuts come as investment banking revenues are slow to recover post-pandemic.

nypost.com

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