Barclays to cut up to 400 jobs Barclays is to cut up to 400 jobs in its investment banking division, as the British lender keeps pushing to reform its business. The bank will axe between 300 and 400 positions, a source told The Telegraph. Barclays is also restricting travel to meetings, according to Reuters, a sign it is clamping down on costs. Last year, Barclays chief executive Antony Jenkins pledged a fresh course for the bank, in an attempt to restore its reputation following a series of scandals. Mr Jenkins said in February last year that under his plan, Project Transform, the bank would shed 1,800 jobs in corporate and investment banking and 1,900 in its European retail and business banking. The latest cuts come in addition to those. Overall, Barclays employs around 140,000 people. The bank has also cut pay for its investment bankers, halted speculative trading in some asset classes and began efforts to reform its corporate culture. Barclays declined to comment. The bank is scheduled to report its full-year results on February 11.