One of Britain’s largest banks plans to cut more than 7,000 jobs in the UK, IXL discuss

CANARY WHARF, U.K. - Feb. 11, 2014 - PRLog -- With news today revealing that one of the largest banks in the UK have planned to cut between 10,000 and 12,000 jobs this year, more than half of those being in the UK, talks have turned to unemployment in the UK, the recession and what to expect this year. IXL, a small London sales company, take a look at the employment forecast for 2014.

Barclays, who has around 150,000 staff, have already revealed the news to about 50% of those affected. The cuts have come from an increase in bonuses the bank paid its staff last year, which increased by over 0.2 billion pounds in 2012. The Chief executive had stated that “we believe in paying for performance and paying competitively”. So with such huge cuts in large companies, what hope do smaller companies have? And where does this leave unemployment levels? “IXL are a small sales company, based in Canary Wharf, London, we do have regular opportunities available, and with our growth we are able to provide more and more openings as we increase in size, but not every company can grow that quickly and so it leaves the unemployed in a very frustrating place” says Sam Mouden, Managing Director of The IXL Company.

Barclays have hoped that a majority of their cuts will be voluntary, something that the 2.32 million unemployed in the UK will most likely find hard to believe. “After the recent drop in unemployment at the end of 2013 down to 7.1%, I think people finally started to gain hope that is possible to find work, although 7,000 cuts in comparison to the increase is a small amount, it is still another fall back for the UK, and the unemployed here, and I cannot see many people opting to not have work or income”, says Emma, who runs part of The IXL Company’s recruitment department.

“It is not just the unemployed that are affected by huge cuts such as these, it is also the employed, we finally see a drop in unemployment and then 7,000 jobs are cut within months, it not only dampens the spirits of those looking for work, but creates fear for those that work for any company, small or large”, says Courtneay, who works in the recruitment department of The IXL Company.

“It is a small set back in comparison to the bigger picture, in the last quarter of 2013, unemployment dropped dramatically, and even 7,000 cuts won’t dent that drop too much, over all, we hope to see positive things this year, for those with or without work, and hopefully for ourselves here at the IXL Company” Says Sam Mouden, Managing Director of The IXL Company.

www.theixlcompany.co.uk