LONDON, May 1 (Reuters) - Barclays ( JJCTF ) has kicked

off a fresh round of redundancies, cutting "a few hundred roles"

at its investment bank as it ramps up efforts to tackle

underperformers and reinvest in new talent, sources with direct

knowledge of the matter told Reuters.

The British lender, which is already engaged in a group-wide

cost-cutting programme aimed at reducing costs by around 2

billion pounds ($2.50 billion), began informing employees of the

intended cuts on Wednesday, one of the sources said.

Staff impacted are based in the bank's global markets,

investment banking and research division, the source added.

"As previously reported, we regularly review our talent pool

to ensure that we can invest in talent and deliver for clients,"

a spokesperson for the bank said in a statement.

"This is difficult, but necessary, to ensure we position

ourselves for long-term success as we execute against our

strategy."

Bloomberg earlier reported that Barclays ( JJCTF ) had begun making

the cuts.

The bank axed around 5,000 jobs in 2023 after dealmaking

activities slumped across the industry.

In November, Reuters exclusively reported the lender was

working on plans to save up to 1 billion pounds by shedding a

further 2,000 jobs, mainly in the British bank's back office.

Barclays ( JJCTF ) reported a slightly smaller than expected 12% fall

in first-quarter profit last week, boosting confidence among

investors that its turnaround task was on track despite lower

income from trading and sluggish mortgage demand.

($1 = 0.8008 pounds)