Fears of City jobs cull as IG Group cuts 300 roles
Evening Standard|October 31, 2023
FRESH fears of a bleak winter City jobs cull grew today when IG Group said it would slash 10% of its workforce.
Simon English
Fears of City jobs cull as IG Group cuts 300 roles

For the leading spread betting house that is 300 roles, but replicated across a City workforce of 587,000, that could mean towards 60,000 jobs at risk.

While the shake-out is unlikely to be that bad, bankers are increasingly nervous after another flat year marked by depressed trading volumes and a prolonged drought in M&A and IPO activity.

Some of the big banks such as Goldman Sachs have already made cuts, so might not repeat them, but the IG news caused a shiver of fear in the Square Mile about what could be coming.

IG said the job losses would help save £50 million a year. It called the move “measures to simplify and streamline the business, better positioning it for further growth”.

هذه القصة مأخوذة من طبعة October 31, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 31, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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