Blade Watch

Finextra

Barclays cuts 400 UK IT roles

Barclays is axing 158 UK-based inhouse technology staff and 250 contractors from its global infrastructure and service delivery (GISD) unit.

Most of the affected staff are in Cheshire, where around 3000 technology staff are employed, and London and Northampton. None of the jobs are being offshored.

In a statement, Barclays says it has “identified some aspects of our technology operations where the organisational structure impedes performance, and roles and responsibilities for colleagues are unclear”.

Some of the roles being axed are “obsolete or being duplicated elsewhere within the bank”.

The bank says it is working with union Unite and will look to mitigate compulsory redundancies by releasing contractors, closing vacancies and opening voluntary redundancy registers.

Many organizations are looking to be more efficient, whether this means aligning and consolidating systems, or consolidating roles and responsibilities. It is set to be a challenging few months ahead, but I wonder if we wont see some opportunities growing out from this? Those integration and consolidation projects? We’ll have to see…

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