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    Burberry, a luxury British fashion brand, is reportedly planning to cut hundreds of jobs due to plunging profits. The company has lost a significant amount of its stock market value and is facing the possibility of being removed from the FTSE 100. The restructuring plans were announced to staff members in a Zoom meeting, with impacted employees either facing redundancy or having to reapply for their positions. The brand has started a 45-day consultation, leading to speculation that around 400 roles could be axed.