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No end in sight for IT job cuts in banking

No end in sight for IT job cuts in banking

There is no end to job cuts within banking IT departments on the horizon. Barclays announced another round of IT job cuts last week, in an attempt to “increase operational efficiency”.

An internal Barclays e-mail revealed that the bank is planning to cut an extra 350 UK technology jobs.But the insecurity faced by Barclays workers is mirrored across the entire financial services industry.

Keith Brooks, general secretary at union Unite, who represents Barclays workers, says, “I do not know when banks are going to stop [cutting jobs]. There is nothing on the horizon to suggest it will stop. All I can see is further hurdles and more job cuts.”


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