Barclays boss said to extend hiring freeze 'for a long time'

Mr Freeze Batman

Looks unlikely you'll get hired here any time soon.

Barclays’ CEO Jes Staley has extended a freeze on hiring new staff indefinitely as he deepens cost cuts to boost profitability at the lender, according to people with knowledge of the decision.

Bloomberg News reports that the CEO said he will keep the ban in place 'for a long time' at a townhall meeting in London on December 2, said the people, who asked not to be identified because the meeting was private.

A previous freeze, implemented by Chairman John McFarlane in September, was due to be reviewed in January, said one of the people, who asked not to be identified because the move isn’t public. The current restrictions may be revisited in March.

To access the complete Bloomberg News article hit the link below:

Barclays CEO Staley Said to Freeze Hiring 'for a Long Time'

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