Schroders to cut 3% of workforce, Bloomberg reports
17 Jan 2025, 12:02 pm
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(Jan 16): British asset manager Schroders is planning to lay off about 3% of its workforce, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The company is cutting about 200 jobs that are mostly in technology, the report said.

"Our priority is to re-position the business at pace, as we transition to growth," a Schroders spokesperson told Reuters in an emailed statement.

The reported move comes two months after new Schroders chief executive officer Richard Oldfield cut the size of the asset manager's executive committee from 23 to nine, after taking over from long-standing boss Peter Harrison.

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