Mumbai, April 29: British lender Barclays has cut 250 jobs in India, while another 50 to 55 staff have been reassigned or resigned from the bank in recent weeks, a company spokesman said on Thursday.
“Unfortunately, sharpening our focus (on wealthy clients) and removing inefficiencies means that there will be some job losses,” the spokesman told a newswire in a separate e-mailed response.
The job cuts, a large number of them in the collections team, follow two rounds of layoffs at the bank last year totalling about 240 people, said the spokesman, who declined to be identified by name.
He said Barclays employs more than 5,000 people in India.
–Agencies