Layoffs
Barclays plans 3,000 job cuts after Lehman acquisition
Reuters has an insider source that claims Barclays is planning on axing 3,000 employees when it acquires the North American operations of Lehman Brothers. The lays will come from both sides apparently — Brits and Yanks. I’m sure the British employees will be pleased about that…
More info: Reuters
the redcoats are coming
The reason Barclays is cutting is because they already have a small American operation.