According to Sky News, a quarter of the headcount reduction in 2023 took place in the UK. Jobs were cut through a combination of redundancies, a hiring freeze and decisions not to fill vacant positions.
Barlcays, which says it employs approximately 85,000 people in over 40 countries, is supporting the affected staff with training, advice and outplacement services.
The 5,000 figure is more than double the headcount reduction that was reportedly being considered by Barclays last year.
