Barclays Layoffs Job Cut: may fire 700 UK employees

The news is not good for the employees of the Barclays Corporation, the major banking organizations, as the organization may be going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Barclays Organization, which may be going for layoffs.
How many employees may be fired in the Barclays layoffs?
As per the reports, there can be around 700 layoffs by Barclays. Out of this, around 50% or 350 are new job cuts while the rest are what was announced last year as a part of 1800 job cuts.

What is the total no. of employees of Barclays?
The total no. of employees of Barclays is not known as of now.

What will be the cost and savings by Barclays layoffs?
No info about the savings to be made.

When will the Barclays layoffs happen?
The layoffs are going to be done in phases through the year end.

Which locations and department of employees will be affected by the Barclays layoffs ?
All job cuts will be in UK. It will be the IT staff that will face the axe. These jobs are reported to be shifted to low cost countries like Hungry, India and Singapore.

What is the primary reasons for Barclays layoffs?
Cost Cutting and relocation of jobs to lost cosst countries.

Any other news about Barclays layoffs
As per CIO, A separate 4,200 job cuts are taking place in investment banking, wealth management and retail banking, outside of the GISD division, but expected to affect back office staff extensively.
Let's hope that alternative jobs are available to the affected employees of Barclays Layoffs Job Cut