Legal & General is to cut around 1,000 jobs by mid-2027 in major restructuring drive
From the Newshound archive · first published 24 September 2026.
Legal & General will cut around 1,000 jobs — a tenth of its workforce — with mandatory redundancies possible if too few staff accept voluntary severance by mid-2027.
Financial giant Legal & General has announced plans to axe approximately 1,000 roles before the middle of 2027.
The redundancies are expected to be completed by mid-2027, affecting workers across the business.
Legal & General joins a string of major City firms slashing headcount amid pressure on costs and margins.
