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UPDATE 1-BTG Pactual to cut 25 pct of Brazil staff, source says

SAO PAULO, Jan 27 (Reuters) – Grupo BTG Pactual SA plans to dismiss up to 25 percent of Brazil-based staff, a source with direct knowledge of the matter said on Wednesday, as the embattled investment-banking firm downsizes operations following the November arrest of founder André Esteves.

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