FTSE 100 news / Companies and sectors / Legal & General / L&G to cut 1,000 jobs under Antonio Simoes
L&G to cut 1,000 jobs under Antonio Simoes
−4.7 negative
L&G plans to cut about 1,000 jobs, around 10% by mid-2027.
How each outlet covered it
| Outlet | Headlines | Tone |
|---|---|---|
| WSJ | 1 | −3.3 |
| This is Money Markets | 1 | −5.0 |
| AD HOC NEWS | 1 | −5.8 |
Day by day
Wednesday 7 October 2026
A report says Legal & General plans workforce cuts.
- −5.8 Legal & General plans workforce cuts. Legal & General stock sits 4.42 percent above target
Reported workforce cuts, partly offset by shares above target.
Thursday 1 October 2026
L&G plans to cut about 1,000 jobs, around 10% by mid-2027.
- −5.0 L&G to axe 1,000 jobs in shake up by boss Antonio Simoes amid deepening UK jobs gloom
1,000 job cuts under boss Simoes amid UK jobs gloom. - −3.3 Legal & General to Cut 10% of Jobs by Middle of 2027
Plans to cut 10% of jobs; cost saving but restructuring.