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Legal & General to Cut 1,000 Jobs

23 Sep

Summary

Legal & General plans to eliminate approximately 1,000 jobs.
The workforce reduction is expected to be completed by mid-2027.
CEO António Simões is leading efforts to streamline the company.

Legal & General is initiating a significant restructuring, planning to reduce its headcount by roughly 10%. This translates to approximately 1,000 job losses as the company seeks to streamline its operations. The insurer aims to complete these workforce reductions by the middle of 2027.

CEO António Simões is reportedly driving this initiative. The plan is part of a broader effort to enhance efficiency and optimize the company's structure. Further details on the specific areas affected by these cuts have not yet been disclosed.

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