Barclays' 2023 Layoffs Reached 5,000 as Banks Cut Back

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign.A spokesperson for the British bank told Reuters Monday (Jan. 8) that most of those cuts happened in Barclays Execution Services, the company’s support unit.“Barclays removed approximately 5,000 headcount globally through 2023 as part of its ongoing efficiency programme designed to simplify and reshape the business, improve service, and deliver higher returns,” the spokesperson said.The bank also laid off about 3% of ...