Abrdn Plans to Cut 500 Jobs in Cost-Reduction Push -- Update
By Michael Susin Abrdn said it plans to cut around 500 jobs in a push to reduce annual costs by at least 150 million pounds ($190.3 million) by the end of...
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By Michael Susin Abrdn said it plans to cut around 500 jobs in a push to reduce annual costs by at least 150 million pounds ($190.3 million) by the end of...
Abrdn has unveiled the extent of its latest cost cutting endeavour, which seeks to reduce annualised costs by £150m by the end of 2025.
Abrdn is to reduce its workforce by about 10% in a bid to make the business more profitable.
Baillie Gifford is set to close four fixed income funds and focus on growing its fixed income business exclusively in the UK market.
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