Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Barclays to trim its Singapore back office workforce
    News

    Barclays to trim its Singapore back office workforce

    HRK News BureauBy HRK News BureauSeptember 7, 2016Updated:September 20, 20182 Mins Read1995 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    The move is being speculated as a measure to reduce costs by relocating those roles to India.

    Barclays, the British multinational banking and financial services company, is reportedly cutting over 100 technology and back office jobs from its offices in Singapore. The move is being speculated as a measure to reduce costs by relocating those roles elsewhere.

    Although the exact number of jobs to be cut in Singapore is not specified, it should apparently be less than 200, an unidentified source shared with the media. Although the company hasn’t made any announcements yet, it is possible that the majority of the roles will be transferred to India.


     “If you have done some interesting activity in the space of employee engagement, learning and development, employee referral, please share with us at marketing@hrkatha.com.”


    The source revealed that the company has identified several additional roles that carry out global activity in Singapore, which can be relocated.

    Apparently, the employees in Singapore are aware of the lay-off plans and are already considerate about the people who may be affected by the move. That is why, they are working closely with their colleagues impacted, to ensure that they are supported throughout the process.

    Barclays joins rival British lenders Lloyds Banking Group and Royal Bank of Scotland in relocating IT jobs from higher cost centres to India in recent years.

    In January, Barclays also stated it will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia, as chief executive Jes Staley wields the axe in a bid to reduce costs. Earlier, there were some reports about the British lender also cutting 100 jobs in Singapore.

    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    16 − 12 =

    Related Posts

    Centre rolls out digital service books for all government employees

    July 9, 2025

    ZS to hire 4,000 globally; strengthens GCC operations in India

    July 9, 2025

    Himachal Pradesh expands paramedical education to address healthcare staff shortage

    July 9, 2025

    Sudden layoffs at startup spark social-media outrage

    July 9, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The 5-to-9 Trap: Is Gen Z’s quest for perfect evenings fuelling a new burnout?

    July 9, 2025

    How AI is creating a workforce of the mentally walking dead

    July 8, 2025

    The tortoise and the hare: Which leadership style conquers chaos?

    July 4, 2025

    The heart versus the head: Why startups struggle to balance culture and capability

    July 3, 2025
    Latest Post

    Centre rolls out digital service books for all government employees

    News July 9, 2025

    The Central government has mandated the implementation of digital service books across all ministries and…

    ZS to hire 4,000 globally; strengthens GCC operations in India

    News July 9, 2025

    In response to the growing global demand for Global Capability Centres (GCCs), ZS, a management…

    Himachal Pradesh expands paramedical education to address healthcare staff shortage

    News July 9, 2025

    In a major step toward strengthening its healthcare system, the Himachal Pradesh government has announced…

    Sudden layoffs at startup spark social-media outrage

    News July 9, 2025

    A sudden round of layoffs at a tech startup has triggered widespread backlash on social…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.