Barclays Sees 28% of Staff Laid Off In Next Decade

Barclays PLC (NYSE:BCS) (LON:BARC) CEO Antony Jenkins told shareholders today that the company may lay off as much as 28 percent of its work force in the next decade.

The executive sees increases in automation and internet banking as the major drivers of change in the business. The news was originally reported by Bloomberg.

The firm announced the job cuts in January that affected 9,000 positions.

According to people cited by the news agency, the remarks were made at a share holders meeting where the long...