(Bloomberg) -- Barclays Plc, the U.K.’s second- biggest bank by assets, will eliminate as many as 12,000 jobs this year, including more than 800 senior bankers, after fourth- quarter profit tumbled.

About 7,000 of the cuts will be in Britain, Chief Executive Officer Antony Jenkins told reporters on a conference call today. Adjusted pretax profit fell to 191 million pounds ($314 million) in the fourth quarter from 1.4 billion pounds in the year-earlier period, Barclays said.

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