Barclays to cut more than 350 back-office jobs

Barclays has confirmed it will lay off at least 350 back-office staff in the next six months.

The banking giant will cut more than 350 permanent staff in its IT department, to make operational efficiencies. It follows an announcement in January that Barclays will make a further 2,100 job redundant in its investment banking and investment management departments.

A Barclays spokeswoman told Personnel Today: “It’s a dynamic environment at the moment, and the best organisations are always trying to optimise their workforce for the current environment. We expect all of the jobs will have gone by the end of the year.”

She added that there “may well be” further changes to back-office roles such as HR and procurement this year, but refused to specify how many may be affected.

Last July, Barclays said it would offshore 1,800 IT jobs by 2011.

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