02:15 PM EDT, 05/01/2024 (MT Newswires) -- Barclays ( JJCTF ) has started slashing hundreds of roles amid the company's 2-billion-pound ($2.5 billion) cost-cutting program, media reports said Wednesday, citing people familiar with the matter.

The job cuts affect staff in global markets, investment banking and research, Bloomberg reported, citing the people.

"We regularly review our talent pool to ensure that we can invest in talent and deliver for clients," Reuters quoted a company spokesperson as saying.

Barclays ( JJCTF ) did not immediately respond to a request for comment by MT Newswires.

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