Banking
Analysts warn of job cuts as Barclays reveals £2bn cost-cutting overhaul
One analyst has said he think a 20 per cent reduction in staff will be needed to achieve the savings target
Analysts in the UK are sounding the alarm over potential job cuts at UK lender Barclays, after it revealed plans to strip out another £2 billion (€2.33 billion) in costs in the coming years.
The announcement, which came on Tuesday morning, comes as efforts to overhaul the bank have weighed on profits in recent months.
Shares in the bank jumped by about 5 per cent on Tuesday morning after it announced a structural shake-up to ...
