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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Legal & General to cut 1,000 jobs by mid-2027

LG United Kingdom Insurance Legal General
The Legal & General logo at its office in central London
Most of Legal & General’s 10,000 employees are based in the UK. Photograph: Alessia Pierdomenico/Reuters

Legal & General plans to cut 1,000 jobs by the middle of next year, about a tenth of the British insurance and pensions firm’s workforce.

António Simões, the chief executive, is wielding the axe as part of his attempts to create a “leaner organisation” since taking over from longtime CEO Nigel Wilson in January 2024. L&G described the move as “the next stage of that transformation”.

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