Barclays Bank is to cut 400 IT jobs, including 150 in-house IT roles and 250 contractors, from its Global Infrastructure Delivery Unit. The company said some jobs had become obsolete and others were duplicated. Most of the job cuts planned are in Cheshire and London. The bank is attempting to reduce compulsory redundancies by releasing contractors, closing vacancies and opening voluntary redundancy registers. Barclays released a statement saying, "Barclays continually reviews its operations and resources so that it functions as efficiently as possible as business needs and customer requirements evolve. As part of this process, we have identified some aspects of our technology operations where the organisational structure impedes performance, and roles and responsibilities for colleagues are unclear."
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