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Barclays, the British bank, is making waves with plans to cut around 2,000 jobs and trim costs by £1 billion. Back-office departments like legal and HR could be the main targets. Barclays Execution Services (BX) is expected to be heavily affected. However, there are whispers that the bank might shift its focus elsewhere. Despite a drop in Q3 profits, the group CEO is determined to seek out inefficiencies and lower structural costs. The unfolding saga leaves us eagerly awaiting the bank's grand plan while keeping the affected employees in our thoughts.
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