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Barclays Exclusive: Job-Cut Plan Revealed

Barclays Plc is preparing to cut hundreds of jobs in an effort to decrease costs during slow market conditions. The bank intends to dismiss approximately 5% of its client-facing staff in the trading division, as well as some dealmakers globally. Additionally, Barclays is planning to restructure teams within its UK consumer-banking unit.

Barclays office in London as the bank prepares to cut hundreds of jobs amid subdued market conditions. PHOTO: Photo: AFP/GETTY

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