'Barclays Begins Culling 3% Of Its Dealmakers' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Barclays Plc has initiated layoffs targeting 3% of its global investment banking workforce in an attempt to streamline its franchise after a challenging year.
October 04, 2023 | 2:43 pm
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Barclays Plc is laying off 3% of its global investment banking workforce. This could potentially impact the company's short-term performance.
Layoffs can lead to short-term disruptions in operations and may impact the company's performance. However, they can also be seen as a cost-cutting measure, which could potentially improve the company's financial health in the long run.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100