Barclays Eyes 2,000 Job Cuts in $1.25 Billion Cost-Cutting Strategy: Report

Barclays is working on its cost-saving plans of 1 billion pounds ($1.25 billion) which could also involve around 2,000 job cuts, mainly in the British bank’s back office, according to a report published by the news agency Reuters.

The company’s managers are currently reviewing proposals to bolster its profitability. The person, on the condition of anonymity, stated that around 1,500 to 2,000 jobs could be cut if the plans were implemented in full.

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