Never-ending bad news, layoffs = bad morale - Vice President - Technology Barclays Employee Review

2.0
Mar 14, 2015
Recommend
CEO approval
Business Outlook

Pros

Compared to other investment banks, decent work/life balance.

Cons

Since the bank announced last May that the investment bank will be shedding 7000 jobs, the mood has been bad. Morale is poor. Annual rankings force each manager to classify 10-20% of their direct reports as "needs improvement". Anybody that gets this ranking is let go. In other words, every manager has to let go of people every year. The number of scandals and regulatory issues Barclays is currently involves with is embarrassing and depressing. Bonuses were laughable or nonexistent.

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5.0
Jul 6, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good environment to work in

Cons

Good environment to work in overall

4.0
Jul 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Great starting place for career, learned a ton

Cons

Mixed bag of senior team quality depending on group/vertical Bad culture in certain groups

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