Barclays Plc said it is cutting more UK-based jobs in its retail and commercial banking businesses, which is likely to take job losses at the British bank to 4,600 in the past week.
The latest cuts will see about 2,100 jobs go in UK retail and commercial banking and Barclaycard, a person familiar with the matter said.
Job losses at banks are mounting as companies scale down in parts of investment and retail banking and other areas hit hard by the deepening financial crisis.
Barclays was working with unions to mitigate compulsory redundancies, it said. The total also includes contractors and temporary staff and open positions.
The latest cuts follow redundancies at its investment banking and investment management (IBIM) units announced on Tuesday - expected to total 2,100 - and 400 jobs in its UK technology departments announced last week. Barclays employs about 156,000 staff, including just under 70,000 in Britain.
All Europe's banks were weak and the job cut news added to concern about the tough outlook facing banks, dealers said.
Meanwhile Seagate Technology disclosed more details of its restructuring plan yesterday, including a global head count reduction of around six per cent or 2,950 people, as well as wide-ranging salary cuts.
The layoff total includes the 10 per cent cut of the company's US workforce previously announced by the world's largest maker of hard disk drives.
Seagate expects the restructuring to save it roughly $130 million a year. The company also plans to institute a 25 per cent pay cut for its CEO, "named executive officers" and executive vice presidents, along with a 20 per cent cut for senior vice presidents and a 15 per cent cut for vice presidents.
In addition, it will reduce the salaries of management, sales, supervisors and professional employees by 10 per cent.
The company expects those salary reductions, which will become effective in February, to save $80 million a year.
The hard disk drive industry, dominated by Seagate and main rival Western Digital Corp, has been severely affected by the economic downturn as demand for PCs has dried up.