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Barclays Exclusive: 2,000 Jobs In Jeopardy | Who and Where?

Barclays, one of the largest banks in the UK, is reportedly considering slashing up to $1.25 billion in costs, which could result in the loss of thousands of jobs.

Barclays logo is seen on the building in New York City, United States on October 22, 2022. Photo: Getty Images

The bank is reviewing plans that may lead to a reduction of 1,500 to 2,000 positions, with a particular focus on its business unit, Barclays Execution Services.

These cuts are part of the bank’s efforts to address a decline in its share price and navigate a challenging deals landscape.

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