Hello friends,
Nowadays there are layoffs are going on everywhere, is there any impact on Barclays employees? Any layoffs happened in past year in Barclays?

Thank you in advance

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Barclays (any major bank for that matter) doesn’t do layoffs.

Barclays hires in conservative manner. Banks don’t hire in bulk like tech companies do. Also, at least 40-45% of the workforce is from other service based companies on managed services contract which acts like a cushion in financially trying times. If it comes to reducing workforce, banks simply reduce the managed services workforce which is not considered as layoff. However this as well is very rare.

Also, for banks, trust and brand value is the most important thing, so last thing they can think of is laying off employees.

likeuplifting

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