Barclays Capital, the investment banking unit of Barclays, will announce plans to lay off several-hundred back-office staff as early as Wednesday, according to a person familiar with the matter.

The job cuts come following Barclays' expansion of its investment banking unit, spurred by the London-based bank's purchase of Lehman Brothers' North America operations in September 2008.

UK bank will reveal a plan to cut several hundred back-office staff as early as today

The Wall Street Journal

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Barclays Capital plans layoffs

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