Barclays to shed 3,000 after Lehman deal

The layoff numbers that will result from the purchase of bankrupt Lehman Brothers Holdings Inc.'s North American investment banking and capital markets businesses by Barclays plc seem to fluctuate with every passing day. The latest figure reported by Fortune comes in at 3,000.

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A unit within the acquirer, Barclays Capital, absorbed Lehman Brothers' North American investment banking and capital markets businesses and now has a headcount of 26,000. Fortune points out that job cuts will come from within areas of overlap between the two firms such as fixed income and support functions like information technology.

The cuts will add to the already estimated 65,000 to 82,000 jobs that have been shed on Wall Street in the first eight months of 2008. - Gerald Magpily

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