Barclays Job Cuts May Not Exceed 19,000

Barclays Plc may not cut jobs beyond 19,000 redundancies, contrary to media reports that the bank was planning to ax over 30,000 of its staff within two years. Citing people familiar with the developments, Reuters reports that Barclays hasn’t set any new targets to trim jobs beyond the 19,000 that was indicated in May of last year. Barclays’ radical redundancy program In May 2014, Barclayssaid it would slash 19,000 jobs by 2016 by pruning 7,000 jobs at its investment bank, while 14,000 jobs would be cut across the group in 2014. As detailed by ValueWalk, the British bank signaled a return to…