Major Layoffs at Barclays New York Office

In a surprising move, Barclays plc has reportedly dismissed 15 of its bankers and traders from its New York base, as per a report by The New York Post this Friday. Sources close to the matter revealed this significant workforce reduction.

No Bonuses for the Dismissed

It has come to light that none of the affected individuals received their bonuses. Highlighting the financial impact, one source mentioned that while an investment banker might earn a $200,000 salary, the anticipated year-end bonus could soar up to $1 million. This has led some of the laid-off employees to consider legal action, with potential lawsuits exceeding $10 million.

Barclays' Stance on the Layoffs

"We consistently evaluate our talent pool to ensure we are investing in the right people, delivering exceptional service to our clients, and positioning ourselves for long-term success as we execute our strategic goals," a spokesperson from Barclays commented to the media.