Barclays PLC, the U.K.'s second-largest bank by assets, plans to eliminate about 50 jobs in India as it narrows its focus on large companies in the nation, said two people with direct knowledge of the situation.
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The bank cut 25 jobs this week and will reduce a similar number of positions in the next few months, the people said, declining to be identified because they weren't authorized to speak on the matter.
Barclays Capital, the lender's investment banking unit, and the company's commercial banking division are combining the teams that focus on servicing corporate clients in the South Asian nation, said Clare Williams, a spokeswoman in Hong Kong for Barclays. She did not comment on the jobs being eliminated.
