Reply to: 2100 Barclays Jobs To Go

[Stan.goodvibes]

It's actually a 19% cut if it's two separate 10% cuts.

eg: 100,000 - 10% = 90,000 and then 90,000 - 10% = 81,000


a straight 20% cut would be from 100,000 to 80,000

Oh, well, thats much better!

[expat]

Sorry to hear that i left there in dec, no boubt i'll be back for 3rd term some time in 2009 when they realise they've cut too many staff and cant function properly.

Priorities change at the drop of a hat in the barcap environment, flavour of the month:

jan is cost cutting
Feb will be increasing the customer service/response to incidents
march will be realisation they dont have enough staff
april contact ex-contractors and re-hire

Jesus, now you put it that way, I realise that I have no patience with this sort of thing any more.

[BrilloPad]

But the snot goblin has told us that by June the recession will be over, so by April Barclays will be aware of the fact that things are beginning to pick up again.

You mean, you don't believe him???

Of course we believe him

[Chugnut]

But the snot goblin has told us that by June the recession will be over, so by April Barclays will be aware of the fact that things are beginning to pick up again.

You mean, you don't believe him???

Amazingly, no.

Despite admissions that "we've made mistakes and we're learning from them", I suspect he still has some way to go yet...

[PM-Junkie]

Generally indicative of past years for most of the places I've been.

In the current climate however, surely there's a good chance that the April budgets will be less than the previous ones and automatic renewals aren't to be relied upon.

But the snot goblin has told us that by June the recession will be over, so by April Barclays will be aware of the fact that things are beginning to pick up again.

You mean, you don't believe him???

[AlfredJPruffock]

What is the point of this bulltulip? Why do companies try to keep it a secret who’s going and who isn’t when they ‘reorganise’? It’s not as if everyone’s going to work really hard to try and keep their jobs; most people will be too demotivated anyway. This stupid, dishonest game of cat and mouse demonstrates why such companies are in trouble; they’re run by childish cretins with no backbone, no ideas and no insight into human nature.

Welcome to Hell Mitch.

[Chugnut]

Sorry to hear that i left there in dec, no boubt i'll be back for 3rd term some time in 2009 when they realise they've cut too many staff and cant function properly.

Priorities change at the drop of a hat in the barcap environment, flavour of the month:

jan is cost cutting
Feb will be increasing the customer service/response to incidents
march will be realisation they dont have enough staff
april contact ex-contractors and re-hire

Generally indicative of past years for most of the places I've been.

In the current climate however, surely there's a good chance that the April budgets will be less than the previous ones and automatic renewals aren't to be relied upon.

[NetwkSupport]

My crystal ball was correct http://news.bbc.co.uk/1/hi/business/7827184.stm

They just told the guy opposite to me and next to me they are redundent, I have my meeting with manager at 6pm so bench here I come.

Sorry to hear that i left there in dec, no boubt i'll be back for 3rd term some time in 2009 when they realise they've cut too many staff and cant function properly.

Priorities change at the drop of a hat in the barcap environment, flavour of the month:

jan is cost cutting
Feb will be increasing the customer service/response to incidents
march will be realisation they dont have enough staff
april contact ex-contractors and re-hire

[BlasterBates]

About 50% or possibly more of job specs I got were BarCap. They were kind of a dustbin in the banking world.

If you couldn't get a "proper" job you could always go to BarCap.

[PM-Junkie]

What is the point of this bulltulip? Why do companies try to keep it a secret who’s going and who isn’t when they ‘reorganise’? It’s not as if everyone’s going to work really hard to try and keep their jobs; most people will be too demotivated anyway. This stupid, dishonest game of cat and mouse demonstrates why such companies are in trouble; they’re run by childish cretins with no backbone, no ideas and no insight into human nature.

Actually, my experience from working at Barclays (at least the BarCap bit anyway) was that everyone knew that the execs saw headcount as a needless expense...so the headcount's allegiance wasn't exactly huge, so Barclays get all the problems that results from people not giving a damn about what they do (I am not referring to we fine upstanding members of the noble contracting fraternity here of course).

Barclays always boot people out at the drop of a hat, and twig quite early in the piece that they've overdone it and start hiring again. It was ever thus and they never learn.

[Mich the Tester]

They realised that people were looking up people this way so everyone who was being made redundent don't have the zzJanDelete next to them now.

What is the point of this bulltulip? Why do companies try to keep it a secret who’s going and who isn’t when they ‘reorganise’? It’s not as if everyone’s going to work really hard to try and keep their jobs; most people will be too demotivated anyway. This stupid, dishonest game of cat and mouse demonstrates why such companies are in trouble; they’re run by childish cretins with no backbone, no ideas and no insight into human nature.

[Bumfluff]

They realised that people were looking up people this way so everyone who was being made redundent don't have the zzJanDelete next to them now.

[Mich the Tester]

Even before they have annouced the redundencies we can see who is going to go, everyone going if you look them up under the outlook email groups have janDelete next to them, you just have to go a managers account, look at the org and people reporting to them and you can see who is going, HR IT muppets, people now know there going before they are actually going !

Can you update the email groups?

[expat]

Even before they have annouced the redundencies we can see who is going to go, everyone going if you look them up under the outlook email groups have janDelete next to them, you just have to go a managers account, look at the org and people reporting to them and you can see who is going, HR IT muppets, people now know there going before they are actually going !

[Mich the Tester]

Just shows yah being permy doesnt make a difference job security wise.

It just means not earning enough to save up a good reserve for the inevitable redundancy.