Legal & General announces plans to cut 1,000 jobs by mid-2027.
According to The Guardian Business, Legal & General plans to cut 1,000 jobs by the middle of next year, about a tenth of its workforce, with initial voluntary redundancies in the UK and possible mandatory cuts depending on take-up. António Simões, the chief executive, is driving the plan as part of a move to create a leaner organisation since succeeding Nigel Wilson in January 2024.
Key facts
- 01Voluntary redundancies will begin in the UK.
- 02Mandatory cuts may follow depending on take-up.
- 03The job cuts total 1,000, about 10% of the workforce.
- 04The plan is described as the next stage of a transformation.
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- Legal & General to cut 1,000 jobs by mid-2027 · The Guardian Business