25 November 2015

BarCap cuts IT contractor rates

09 November 2011  |  6012 views  |  0 Fingers on Tablet computer, calculating

Barclays Capital has slashed IT contractors' pay rates by 10% and told temps to take an enforced 10 day holiday before the end of the year.

According to a communication to temps, seen by tech news site The Register, contractors have been given until 11 November to respond to the take-it-or-leave-it offer with the new rate coming into force on 5 December.

The bank is "re-aligning" its rates with the "current market conditions, which have dropped suddenly in Q3 as a result of the majority of our competitors implementing similar initiatives".

Barclays Capital cuts IT contractor rates by 10% ... again - The Register


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

24 August, 2011
13 January, 2011
30 June, 2009
29 July, 2008

Related company news


Top topics

Most viewed Most shared
MIT to run fintech degree course
8809 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7924 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7799 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7772 views comments | 27 tweets | 30 linkedin
BBVA buys 29.5% stake in Atom for £45...
6599 views comments | 33 tweets | 40 linkedin

Featured job

Competitive base, double OTE
London, UK

Find your next job