Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

2,130 jobs
Number of planned job losses
Job loss
Announcement Date
13 January 2009
Employment effect (start)
Foreseen end date


Barclays, a bank, has announced that it is to cut 2,130 jobs from its worldwide staff of 147,000. 1,300 jobs will go at investment department Barclays Capital, 500 at Barclays Wealth and 330 at Barclays Global Investors. It is not known at which global sites these jobs will be cut, although Unite, a UK-based trade union, has stated that 500 of the job losses will be in the UK. The bank has attributed the cuts to a need to match its staffing levels to the size of its market. These job losses are in addition to the 2,100 job cuts specific to the UK which were also announced in January 2009, and in addition to the 408 UK-based IT support jobs also cut in January 2009. As of 18 January 2009, it is not known when these jobs will be lost.


  • 13 January 2009: BBC News


Eurofound (2009), Barclays, Internal restructuring in World, factsheet number 67855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67855.