"Barclays Plans to Move 4,000 Investment-Bank Jobs"

Water Cooler
#1

“June 28 (Bloomberg) – Barclays Plc plans to move 4,000 more jobs overseas and to lower cost locations by 2015 to save as much as 250 million pounds ($381 million), said Eric Bommensath, co-chief executive officer of corporate and investment banking.”

http://washpost.bloomberg.com/Story?docId=1376-MP3VQV1A1I4H01-14RIV3DMPG2HFJ3VJI7HBGBPLN

That is about 20% of their work force.

#2

looks like mostly back office functions.

#3

Fact: you are not safe from hungry indians/asians

#4

hope everyone here survives

#5

The demand for all these Indian CFA candidates here is skyrocketing.

#6

I paid for the CFA in USD, I should be earning USD!