Sci-Fi Visions

Barclays Set to Cut 30,000 Jobs as It Looks to Increase Automation and Reduce Costs

  • The Times has reported this weekend that Barclays is set to introduce a “radical redundancy” programme that could see 30,000 staff lose their job within the next two years.
  • This would see its global workforce reduced by approximately a quarter and fall below the 100,000 figure by the end of 2017.
  • The company’s Transform strategy highlights a commitment to the “integration of new technologies, including cloud-based platforms” which it says “will lead to significant reductions in headcount, physical IT infrastructure and data centres” – and it’s likely that this is what Barclays wants to see more of.

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