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Legal and General to Cut One Thousand Jobs

Legal and General plans to reduce its workforce by about one thousand roles by mid-2027. Chief Executive Officer Antonio Simoes aims to simplify the financial group and improve performance.

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The logo of Legal & General insurance company is seen at their office in central London March 17, 2008. REUTERS/Alessia Pierdomenico (BRITAIN)/File Photo

LEGAL & GENERAL GROUP PLC plans to cut about 1,000 jobs by the middle of 2027, reducing staff numbers by 10%. The restructure aims to simplify operations at the 190-year-old financial institution based in the United Kingdom. CEO António Simoes announced the workforce reduction during an employee meeting on Wednesday afternoon.
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