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News 2026-09-23 10:22 UTC

British fund manager L&G to cut about 10% of workforce by mid-2027

Legal & General LSE:LGEN plans to cut staff numbers by about 10%, or around 1,000 jobs, by the middle of 2027, CEO António Simões told employees on Wednesday as Britain's biggest asset manager seeks to simplify its business and improve performance."To deliver our strategy successfully, we now need…