Barclays gives 4 weeks notice!

[BolshieBastard]

Had a call from a former colleague who'd left the place were I work middle of Sept to take a role at Barclays in Cheshire.

Said he was told at lunchtime, 4 weeks notice and upto 250 contractors to go.

Bad news.

[d000hg]

If those people were doing valuable work, worth maybe £100k/day, how can they just drop it?

[BolshieBastard]

AFAIA they are test managers, analysts etc.

[TykeMerc]

Cancel some projects and stick with legacy systems, infrastructure and processes and cancel some upgrades and you rapidly hit 250 contractors no longer required.
So long as critical projects are done to maintain compliance in a shrinking or static market businesses like Barclays can soldier on and cut budgets.

[Liability]

Had a call from a former colleague who'd left the place were I work middle of Sept to take a role at Barclays in Cheshire.

Said he was told at lunchtime, 4 weeks notice and upto 250 contractors to go.

Bad news.

good old Radbroke Hall - spent a good period though - full of tulipe I tell ya! The perm their are shocking! Never have I seen such an inept bunch of Techies!

[TykeMerc]

good old Radbroke Hall - spent a good period though - full of tulipe I tell ya! The perm their are shocking! Never have I seen such an inept bunch of Techies!

There or they're? Please translate into English.

[kula]

They are really tightening their belt, unauthorised travel has been cancelled, training has been halted etc. I also understand they are or have dropped contractor rates by 10% too.

They could actually shed a lot more, 250 is really not at all significant given some of their major infrastructure projects.

(I was a permie there recently).

[MaryPoppins]

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...!

[stillooking]

barclays @ radbroke are total time wasters and seem to relish wasting contractors time (in my experience), hope all the permie's get laid off. that not nice but there we go.

[MaryPoppins]

Not very nice really is it, no.