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Barclays Capital Said to Plan More Job Cuts by End of January

Barclays Capital, the securities unit of Barclays Plc, is preparing to eliminate hundreds of jobs in the next two months following a decline in investment banking revenue, three people familiar with the matter said.

The cuts will follow a review how much capital each unit of the business uses, said two of the people, who declined to be identified as the details aren’t public. That review will be completed in January, one of the people said. A spokesman for Barclays in London declined to comment.