Investment Banking

Barclays to cut more jobs in investment bank

After a tumultuous few months in the sector, the British lender looks to wield the axe again

Wide-ranging layoffs will come as part of a second round of cuts for Barclays, according to reports
Wide-ranging layoffs will come as part of a second round of cuts for Barclays, according to reports Photo: Jason Alden/Getty Images

Barclays is expected to cut more than 100 jobs in its investment bank this week amid a slowdown in dealmaking and stock market flotations, Sky News reported citing unnamed sources.

The British bank layoffs, which won't be focused in a single country or function, would be the second round of cuts after 200 jobs were trimmed in its investment bank on November, according to Sky News.

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