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    Home > Finance > Schroders to cut 3% of workforce, Bloomberg News reports
    Finance

    Schroders to cut 3% of workforce, Bloomberg News reports

    Published by Global Banking and Finance Review

    Posted on January 16, 2025

    1 min read

    Last updated: January 27, 2026

    This image represents the recent announcement by Schroders to cut 3% of its workforce, focusing on technology jobs. The news highlights significant changes in the finance sector and its impact on employment.
    Schroders to cut 3% of workforce, impacting technology jobs - Global Banking & Finance Review
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    Quick Summary

    Schroders, the UK's largest standalone fund manager, plans to cut 3% of its workforce, impacting around 200 technology jobs, as reported by Bloomberg.

    Schroders to Reduce Workforce by 3%, Impacting Tech Jobs

    (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)

    Key Takeaways

    • •Schroders plans to cut 3% of its workforce.
    • •Approximately 200 jobs will be affected.
    • •The majority of cuts are in technology roles.
    • •Bloomberg News reported the planned layoffs.
    • •Schroders is the UK's largest standalone fund manager.

    Frequently Asked Questions about Schroders to cut 3% of workforce, Bloomberg News reports

    1What is the main topic?

    The main topic is Schroders' plan to cut 3% of its workforce, affecting around 200 jobs, primarily in technology.

    2Why is Schroders cutting jobs?

    Schroders is cutting jobs as part of a workforce reduction strategy, focusing on technology roles.

    3How many jobs will be affected?

    Approximately 200 jobs will be affected by the workforce reduction.

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