Barclays gives 4 weeks notice!

[BlasterBates]

Nearly all IT/finance contractors at Barclays are having their contracts terminated, with a few being put through a dispensation request system via the exec, for the most critical projects. Biggest contractor cull to date apparantly, so no doubt they will all be back in place in a couple of months...!

interesting...tough market, about half the role descriptions I've been getting from agents were at BarCap, so that is real blow.

[Liability]

Nearly all IT/finance contractors at Barclays are having their contracts terminated, with a few being put through a dispensation request system via the exec, for the most critical projects. Biggest contractor cull to date apparantly, so no doubt they will all be back in place in a couple of months...!

It will all come back - as a Bank that hasnt taken the handout they are just playing the numbers game - IF they report Profits up over the next quarter and thereafter itll will get them kudos and hold them well - knowing a fair bit about there environments[all the CIPE and GIPE etc] they have a heck of alot of work that needs to be done and I am sure they will get people back next year.

[Bumfluff]

Morgan Stanley got red of alot of permies and contractors today as well, I know of about 8 people who went 4 permy, 4 contract.

RBS start laying off contractors on Tuesday.

Barclays, Barcap and Barclays Global have got a freeze on both permy and contract and are going to do more redundencies over tomorrow and next week.

I was confident I wouldnt be going but I think I will be this time or at least before end of year, my contract was due to run to April 09.