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News 2026-09-23 13:37 UTC

Legal & General to Cut 10% of Jobs by Middle of 2027

By Michael HennesseyLegal & General Group plans to lay off 10% of its employees by the middle of next year, amounting to around 1,000 job losses, as part of a broader restructuring by Chief Executive Officer Antonio Simoes.The job cuts will initially be voluntary in the U.K, the company told staff…

News 2026-09-23 13:21 UTC

Legal & General to cut around 1,000 jobs by middle of 2027

The company noted that since 2024, it has become a "simpler, more focused" business.A spokesperson for L&G said: "These changes represent the next stage of that transformation, ensuring that our organisation and ways of working reflect the business we are now building and the rapidly changing envir…

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…