Barclays is considering hundreds of job cuts as it cuts expenses and reviews its strategy.

The bank could lose 400 retail employees, although the numbers are not definitive.

The bank is planning investment bank cuts as part of yearly banker performance appraisals, and some retail personnel could be redeployed or voluntary redundancy. CEO C.S. Venkatakrishnan is reviewing the bank’s strategy due to investor unhappiness with its underperformance.