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L&G to cut about 10% of workforce by mid-2027, Bloomberg News reports
Source: reuters.com
M&A & RestructuringManagement & GovernanceCompany Fundamentals
Legal & General plans to cut roughly 1,000 roles, equivalent to about 10% of its workforce, by mid-2027 as CEO António Simões advances a streamlining program. The restructuring signals a material cost-reduction effort at the British insurer, but creates near-term execution and workforce risks.
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