Finance

Schroders to cut 3% of workforce, Bloomberg News reports

Published by Global Banking and Finance Review

Posted on January 16, 2025

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(Reuters) - Schroders is planning to lay off about 3% of its workforce, Bloomberg News reported on Thursday, citing a person familiar with the matter.

Britain's largest standalone fund manager is cutting about 200 jobs that are mostly in technology, the report said.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Shailesh Kuber)

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