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Another Firm Said To Be Axing Staff

The Independent reports that Barclays Capital is cutting around 100 staff. According to the newspaper, the firm held meetings with every member of its UK leverage finance unit last week to advise them what the future looked like. 20 of the 90-person unit are thought to have been axed. 80 staff in IT are also understood to have been told that they are now surplus to requirements.

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