Barclays to cut costs by £2bn, raising fears of further job losses
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6JRE1)
Bank announces drop in profits to 6.6bn as it says it plans to return more to shareholders
Barclays is to cut 2bn in costs, raising fears of further job losses as the lender shrinks its investment bank in a corporate shake-up intended to increase shareholder payouts by 10bn within three years.
The bank said it did not have a specific headcount target" for how many of its 94,800 global workforce would be cut, having already slashed 5,000 roles since October.
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