Barclays could cut 2,000 staff in push to cut costs amid falling profitability

Barclays is drawing up plans to lay off as many as 2,000 staff as it seeks to cut its costs and reverse its declining profitability.

The London-headquartered bank is working on plans to save up to £1 billion ($1.25 billion) by laying off between 1,500 and 2,000 mainly back office staff, according to Reuters.

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