Barclays Plans to Cut Costs by GBP1 Billion, Reuters Reports
November 23 2023 - 11:49AM
Dow Jones News
-- Barclays is working on a plan to reduce its expenses by 1
billion pounds ($1.25 billion) over several years, Reuters reports
citing an unnamed source.
-- The plan could lead to between 1,500 and 2,000 jobs being
cut--mostly in its Barclays Execution Services division--if it is
implemented, Reuters reports.
-- Barclays declined to comment when contacted by Dow Jones
Newswires.
Full story: https://tinyurl.com/4r4tzsfw
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 23, 2023 12:34 ET (17:34 GMT)
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