Traders on the floor of the New York Stock Exchange on April 17. Andrew Burton/Getty Images Barclays Plc plans to cut more than 30,000 jobs within two years after firing CEO Antony Jenkins this month, The Times reported on Sunday.

This redundancy program, which could reduce the bank's global workforce below 100,000 by the end of 2017, is considered to be the only way to address the bank's chronic underperformance and double its share price, the newspaper said, citing senior sources.

These job cuts are likely to affect employees at middle and back office operations, where largest savings are achieved, The Times said.

The paper said a potential candidate, who would replace Jenkins, is expected to eliminate jobs much faster and more deeply than the ousted boss.

Barclays deputy chairman Michael Rake joined the payments processing firm Worldpay as its new chairman in mid-July.

Barclays could not be reached immediately for comments outside regular business hours.

(Reporting by Rishika Sadam in Bengaluru)