You are here

Barclays lets go some Singapore staff as bank said to cut over 1000 jobs worldwide

Barclays is closing investment banking units in Australia and Russia, as well as Asian countries such as Indonesia and Thailand, as part of a review of global operations, it said in an internal memo to staff on Thursday.

[SINGAPORE] Barclays has let go some of its employees in Singapore, part of the global job cuts the British bank is reportedly conducting.

Media reports overnight said that Barclays is cutting over 1,000 jobs worldwide, of which 230 will be in Asia as the bank scales down its regional operations. A source close to Barclays Singapore, which has about 3,200 staff, confirmed the reports, adding that more than 10 jobs were cut in the equities and local market rates teams.

Read the full story here.