300 employees at Barclay Singapore being retrenched?

Singapore Expat Forum, 27 Jan 2014
"....my friend who was working here in Barclays and then moved to Barclays Pune just called me. He said 300 people in SIngapore have been fired. I was almost about to get an offer at Barclays last september and now I learn the team in which I was about to move, had I got the offer, has already been lay'd off." Link