Barclays is to slash 408 IT jobs across Britain, the banking group said in a statement today as it seeks a more efficient operation amid a deepening economic slowdown.
"Barclays continually reviews its operations and resources so that it functions as efficiently as possible as business needs and customer requirements evolve," said the statement.
"As part of this process, we have identified some aspects of our technology operations where the organisational structure impedes performance, and roles and responsibilities for colleagues are unclear. In some cases, roles are obsolete or being duplicated elsewhere within the bank.
"This will affect around 400 positions -- 158 permanent staff and 250 contractors. All of the roles affected are UK-based, principally in Cheshire (northwest England) and London. None of the roles are being offshored."