Barclays Plc, the second-largest U.K. lender by assets, dismissed trading-division employees this week as it notified regulators its investment bank is cutting 275 jobs in New York City.

Reductions so far include credit trader Kevin Gribben, distressed debt salesman Kevin King, and John Wilson, an investment-grade credit salesman, said people briefed on the departures.John Connor in rates sales and Bill Martinez in financing were also let go, said the people, who requested anonymity because the departures weren’t public. The London- based bank yesterday disclosed cuts planned through May at three Manhattan locations in a filing with state regulators.