SINGAPORE — British bank Barclays is cutting more jobs from its information technology operations in Singapore as part of moves to reduce costs, with the positions to be relocated abroad.

“We have now identified a number of additional roles that carry out global activity in Singapore which can be relocated. Regrettably, this will mean that roles will fall away in Singapore, and so we are working closely with the colleagues impacted to ensure they are supported throughout the process,” the London-based bank said on Monday (Sept 5).

Barclays, which employs about 3,000 staff here, declined to disclose the number of people affected. However, sources with knowledge of the matter were reported by Bloomberg as saying the lender is cutting about 100 jobs from its IT operations here. Some of the Singapore positions will move to India, said the sources, who asked not to be identified as the information is not public.

The latest reduction follows an earlier round of IT cutbacks in May, when some global IT roles in Singapore were moved to the bank’s other technology hubs, including the one in India, Barclays said. The bank earlier this year shut its cash equities operations across Asia as part of a reduction of 1,200 positions globally, with scores of employees from the Singapore office reportedly given marching orders. 

Barclays is among many banks, such as Standard Chartered and HSBC, to cut jobs in a tough operating environment, as slowing global growth and stricter capital rules affect lenders. AGENCIES