On November 24th, according to sources familiar with the matter, Barclays Bank is developing a spending reduction plan that can save up to £ 1 billion in costs, possibly involving up to 2000 layoffs. The potential layoffs will mainly occur in Barclays Execution Services, which is internally referred to as "BX". It is reported that Barclays Bank's £ 1 billion cost savings target will account for approximately 7% of the bank's £ 15 billion basic annual operating expenses in 2022. A spokesperson for Barclays Bank declined to comment. (Reuters)