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المشهد العربي
Lijal and General plan 10% job cuts
UK-based Legal & General plans to reduce its workforce by 10%, approximately 1,000 jobs, before mid-next year as part of a restructuring strategy led by CEO Antonio Simões. The goal is to streamline operations and adapt the organizational structure to market demands and the volatile economic environment. The initial steps include offering voluntary redundancy for employees in the UK, while retaining the option for compulsory redundancy based on actual responses, excluding the investment management sector, which is implementing its own independent restructuring program. These changes aim to reallocate resources toward sectors with sustainable long-term growth prospects.
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