July 19 (Reuters) - Barclays Plc plans to cut morethan 30,000 jobs within two years after firing Chief ExecutiveAntony Jenkins this month, The Times reported on Sunday.
This redundancy program, which could reduce the bank'sglobal workforce below 100,000 by 2017 end, is considered as theonly way to address the bank's chronic underperformance anddouble its share price, the newspaper said, citing seniorsources. (http://thetim.es/1CKc13g)
These job cuts are likely to affect staff at middle and backoffice operations, where largest savings are achieved, the Timessaid.
The paper said that a potential candidate, who would replaceJenkins, is expected to axe jobs much faster and more deeplythan the ousted boss.
Barclays deputy chairman Michael Rake joined paymentsprocessing firm Worldpay
Barclays could not be reached immediately for commentsoutside regular business hours.
(Reporting by Rishika Sadam in Bengaluru)