Barclays Capital fires Lehman Brothers staff

Barclays Capital, the investment banking branch of Britain's Barclays Plc. is dismissing a report it was delaying the layoffs of 3,500 employees, who have lost their jobs as part of the company’s takeover of Lehman Brothers.

Spokesman of Barclays Capital stated that "These job cuts have already been announced and are part of the integration process of Barclays Capital's acquisition of Lehman Brothers."

The New York Post said Barclays was delaying with the layoffs until after the New Year celebration.

Barclays Capital had bought Lehman's U.S. investment banking and capital markets business in September. Yet then the company had announced it was to lay off 3,000 to 3,500 staff.