Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking

400 jobs
Number of planned job losses
Job loss
Announcement Date
10 August 2010
Employment effect (start)
Foreseen end date


Barclays Capital is to cut jobs across the world after a slowdown in activity. The unit of British lender Barclays Plc (BARC.L) will cut about 400 back-office jobs in Asia, Europe and the United States. The cuts will affect only the back-office staff.

The cuts come despite Barclays Capital announcing a 225pc increase in profits last week as the UK lender smashed City earnings forecast for the first six months of the year. However, top-line revenues were down sharply on 2009, with major divisions such as fixed income, currencies and commodities, and equities and prime services falling year-on-year.



Eurofound (2010), Barclays Capital, Internal restructuring in World, factsheet number 70825, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70825.