Barclays bank is reducing its UK IT workforce by 422 in a move to update its IT skills base as part of a restructure of its global technology and infrastructure division.
The bank said the cuts are the result of trying to adopt more innovative technology. “We need to upgrade skills,” said a spokesperson. But there could be about 40 new positions created, he added.
“We need to make essential changes to our technology and infrastructure division so that we can innovate in new technologies and services for our customers, and be as effective and efficient as possible,” said the spokesperson.
“Whilst regrettably this will mean job losses, we will make every effort to mitigate compulsory redundancies and are working closely with Unite and impacted staff."