St James's Place to cut around 500 jobs, source says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
Source: Reuters
Layoffs Planned: St James's Place is set to lay off around 500 employees, nearly 16% of its workforce, due to increasing competitive pressures and a strategy to cut costs by £100 million annually by 2027.
Consultation Process: The company has begun consulting with employees regarding the potential impact on roles, with final outcomes expected next year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
