Barclays to Lay Off 300 Bankers

Barclays is dismissing roughly 50 senior dealmakers as part of the banking giant’s annual culling of staffers in its investment bank. The cuts are part of a plan to trim headcount by about 300 people across the corporate and investment bank, according to people familiar with the matter. That amounts to about 3% of total headcount in the unit, which also includes Barclays’s trading operations. Tom Metcalf reports on Bloomberg Television.
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