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Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Summary by Ground News
Abrdn, the Scottish financial services heavyweight, has said it plans to cut around 500 jobs as part of a cost-saving overhaul. The cuts amount to a 10% reduction in the investment firm’s headcount and are aimed at saving costs by £150 million a year. Edinburgh-based company rebranded from Standard Life Aberdeen in 2021.

4 Articles

Shropshire StarShropshire Star
Reposted by
StvStv
Center

Abrdn clients pull £13.9bn amid job cuts at investment firm

The fund manager and wealth specialist saw its pre-tax loss shrink to £6 million for last year, reducing from a £612 million loss.

·Ketley, United Kingdom
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The Herald ScotlandThe Herald Scotland
Reposted by
The NationalThe National
Lean Left

Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Investment firm Abrdn has said it plans to cut around 500 jobs as part of a cost-saving overhaul.

·Glasgow, United Kingdom
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  • 67% of the sources lean Left
67% Left

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The Herald Scotland broke the news in Glasgow, United Kingdom on Tuesday, February 27, 2024.
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