L&G layoffs: London-based company to cut 10% of workforce, or about 1,000 jobs, by mid-2027

Legal & General Group Plc (L&G) is eyeing to reduce its 10% of its workforce or about 1,000 jobs, by the middle of next year, reported Bloomberg on Wednesday. The decision is said to be a part of their the company's efforts to improve efficiency and streamline operations while reducing cost.L&G layoffCEO António Simões is pressing ahead with efforts to streamline the British insurer, added Reuters.(this is a developing story)