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Market Chatter: Barclays Said to Plan Employee Retention Options Amid Impending Layoffs

MT Newswires·10/23/2026 09:54:17
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09:54 AM EDT, 10/23/2026 (MT Newswires) -- Barclays (BARC.L) plans to offer its staff role reassignment options and intends to prioritize internal transfers over external hires amid its targeted layoff of 5,000 employees, Bloomberg News reported Friday. Chief Executive Officer CS Venkatakrishnan reportedly said at an internal town hall that some workers affected by the job cuts will be allowed to apply for other positions, and that the bank will support staff in learning new skill sets. Barclays did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)