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Barclays will reveal details of a cost-cutting drive in February

Investment Banking Editor

Barclays cut around 5,000 employees last year as the UK lender prepares to unveil a strategy shift after announcing a cost-cutting drive in 2023.

The bank said in a statement that it axed thousands of jobs in 2023, after flagging a fresh cost-cutting drive during its third quarter results in October.

Barclays cut 5,000 jobs last year in cost-reduction push

Paul Clarke

Barclays

Citigroup

Banking

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