The jobs to go are 1,800 investment banking posts and 1,900 in retail and business banking.
The bank also announced its pre-tax operating profit was £7.05 billion, up about a quarter from the £5.59bn achieved a year earlier.
However, this figure includes the £1.6bn it had to set aside during the year to cover the cost of compensating customers who were mis-sold payment protection insurance, and the fluctuating value of its issued debt, known as "own credit", which accounts for £4.58bn.
When you take these and other operating expenses, such as corporation tax, into account, profits at the banking giant actually plunged to £246 million.
The bank has been rocked recently by the Libor-fixing and mis-selling scandals.
Speaking on the BBC's Today Programme, new Chief Executive Anthony Jenkins promised to "build a better Barclays for the future."
He said: "Banks have to reposition themselves to become more efficient and better serve customers and clients."
Barclays said its staff bonus pool was down 16% for 2012, with employees receiving £13,300 on average and staff in its investment bank getting an average of £54,100.
Original Article
Source: huffingtonpost.co.uk
Author: Tom Moseley
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