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Barclays is culling senior staff on the heels of a management overhaul — just a month after the bank said ‘no plans for job cuts’

FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

  • Barclays is culling staff in its market division, sources tell Business Insider, mostly affecting those in credit.
  • Barclays in April said there are “no plans for job cuts,” and told Business Insider this week that it was true at the time.

A clutch of senior employees are being let go at Barclays this week in a new round of departures after a management overhaul earlier this year shocked employees.

Insiders say the London-based bank kicked off the round of cuts this week in global markets, a unit that includes credit, distribution, equities, and macro. It is yet unclear just read more >>>

Source:: BusinessInsider.Com