Legal & General says it will cut around 1,000 jobs by the middle of 2027, affecting about a tenth of its UK workforce. The company frames the move as part of an internal transformation aimed at creating a “leaner organisation.” Reports describe CEO António Simões as leading the process after taking over from Nigel Wilson in January 2024.
Outlet coverage says the initial phase is expected to rely on voluntary redundancies in the UK. Depending on how many employees opt to leave, Legal & General says it may then consider mandatory job cuts. Some reports note staff are told of the plan in a company email, while others highlight the broader context of UK jobs uncertainty. Overall, the articles largely align on the scale, timing, and stated purpose, with differences mainly in emphasis and framing.
