Cuts announcedWednesday 23rd September 2026Reported by 5 major outlets
Legal & General to cut 1,000 jobs
Legal & GeneralCuttingBanks & insuranceUK
Legal & General's chief executive announced a 10% reduction in headcount, equating to 1,000 jobs to be cut by mid-2027, to improve insurer performance.
“a 10% reduction in headcount was needed to improve the insurer's performance”
Context: Legal & General oversees £1.2tn in assets in its fund management division and expects £500bn of transactions in the UK pensions market over the next decade. The Guardian
The sources, oldest first
- 23rd Sep
The Times Major outletRe-read, held
Legal & General's chief executive announced a 10% reduction in headcount, equating to 1,000 jobs to be cut by mid-2027, to improve insurer performance.
- 23rd Sep
The Telegraph Major outletRe-read, held
Legal & General announced a voluntary redundancy programme to cut around 1,000 jobs (approximately a tenth of its workforce, mostly UK-based). Mandatory layoffs are being considered if insufficient staff volunteer. The restructuring is part of CEO António Simões' efficiency and simplification drive.
- 23rd Sep
Bloomberg Major outletRe-read, held
Legal & General seeks to cut about 10% of workforce by mid-2027.
- 23rd Sep
The Wall Street Journal Major outletRe-read, held
Legal & General announced a 10% workforce reduction to be completed by mid-2027.
- 23rd Sep
The Guardian Major outletRe-read, held
Legal & General announced 1,000 job cuts to be completed by mid-2027.
- 23rd Sep
uk.finance.yahoo.com Trade press
Legal & General announced plans to cut around 1,000 jobs by mid-2027.
- 23rd Sep
City A.M. Trade press
Legal & General announced 1,000 job cuts to be completed by mid-2027.
- 23rd Sep
Mint Trade press
Legal & General announced plans to cut 10% of workforce, approximately 1,000 jobs, by mid-2027.
- 24th Sep
Personnel Today Trade press
Legal & General announced 1,000 role cuts to be completed by mid-2027.
Legal & General now
Cutting Confirmed: 4 major news outlets report job cuts
This label is our opinion, reached by applying one published rule to the sources listed. The full record for Legal & General →
The same month, nearby
Other announcements in September 2026 in the same sector or the same place.
- 6th Sep4,000jobs cut
- 15th Sep216jobs cut
- 1st Sep41jobs cut
- 15th Sep35jobs cut
- 29th Sep10jobs cut
- 1st Sep5jobs cut
Permanent id legal-and-general-2026-09-23-bd7adc. Machine-readable: this announcement is in /v1/events.json (seven days behind) and Legal & General’s JSON.