Barclays working on $1.25b cost plan, may cut up to 2,000 jobs

Barclays working on $1.25b cost plan, may cut up to 2,000 jobs

A man rides a bicycle past a Barclays bank in London August 5, 2010. REUTERS/Suzanne Plunkett

Barclays is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank’s back office, a person with direct knowledge of the proposals told Reuters.