UK's IG Group plans significant layoffs, Sky News reports

IG Group Announces Major Layoffs and Workforce Reorganisation Following USD 1.3 Billion Underdog Acquisition | 🌎 LatestLY

UK's IG Group is cutting hundreds of jobs across its global operations following its USD 1.3bn acquisition of US-based prediction markets operator Underdog. Consultations with affected employees are underway as part of a strategic organizational refresh. 'Everyone whose role is affected in whatever way, for whatever reason, will be treated fairly, lawfully, with respect, and with dignity,' CEO Michael Healy said. 🌎 IG Group Announces Major Layo…

UK's IG Group plans significant layoffs, Sky News reports

Online trading platform IG Group takes axe to hundreds of jobs

IG Group, the London-listed online trading platform, is taking an axe to hundreds of jobs just weeks after unveiling a $1.3bn deal to buy a major US-based prediction markets operator.

IG Cuts Hundreds of Jobs While Paying $1.3B for Underdog

IG Group has begun redundancy consultations in the UK as it combines its regional consumer operations into one division, according to a Sky News report published on Wednesday. Sky said the programme could remove hundreds of roles from a consumer workforce that numbered about 2,300 at the end of June. IG has confirmed the organisational review and consultation process, but it has not disclosed a final reduction. The timing puts two decisions from…

IG Group to Cut Hundreds of Jobs Weeks After US deal, Sky News Reports | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Online trading platform IG Group is cutting hundreds of jobs just weeks after agreeing a $1.3 billion US acquisition, Sky News reported on Wednesday. The London-listed company has reportedly told staff that a reorganisation will result in a significant number of layoffs. A source is said to have revealed that the company’s headcount of about... The post IG Group to Cut Hundreds of Jobs Weeks After US deal, Sky News Reports first appeared on Leap…

IG Group planning hundreds of layoffs: Sky News

IG CEO Consumer Michael Healy said that staff in countries including the UK would be informed in a first wave of discussions.