Barclays Plans To Cut Up To 2,000 Jobs, But Some Execs Push For Bigger Purge

Barclays cuts 2000 jobs
Barclays cuts 2000 jobs

Barclays PLC plans to cut as many as 2,000 jobs in its investment bank as part of a broad restructuring of the company, The Wall Street Journal reported, citing people familiar with the British bank's plans.

The paper said senior Barclays executives are planning to recommend that the bank cut between 1,000 and 2,000 jobs, likely to be concentrated in Asia and continental Europe.