dogaminftgame| Barclays launches hundreds of layoffs to cut costs and improve returns

Improve returns for the implementation of CEO CS Venkatakrishnandogaminftgamemulti-year planningdogaminftgameBarclays has begun cutting hundreds of jobs by pushing ahead with a £ 2 billion cost-cutting plan.

Hundreds of employees in Barclays 'global markets, investment banking and research departments will be affected by the layoffs, according to people familiar with the matter. People familiar with the situation, who spoke on condition of anonymity to discuss personnel information, said the layoffs began Wednesday.

The news confirmed earlier reports that Barclays was preparing to lay off hundreds of people in its investment banking division, which includes trading, consulting, capital markets, and the company's international corporate banking operations.

"We regularly evaluate our talent pool to ensure we can invest in talent and serve our clients," Barclays said in a statement.