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Schroders to cut 3% of workforce, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on January 16, 2025

1 min read

· Last updated: January 27, 2026

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Schroders to cut 3% of workforce, impacting technology jobs - Global Banking & Finance Review
This image represents the recent announcement by Schroders to cut 3% of its workforce, focusing on technology jobs. The news highlights significant changes in the finance sector and its impact on employment.
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Schroders to Reduce Workforce by 3%, Impacting Tech Jobs

(Reuters) - Schroders is planning to lay off about 3% of its workforce, Bloomberg News reported on Thursday, citing a person familiar with the matter.

Britain's largest standalone fund manager is cutting about 200 jobs that are mostly in technology, the report said.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Shailesh Kuber)

Key Takeaways

  • Schroders plans to cut 3% of its workforce.
  • Approximately 200 jobs will be affected.
  • The majority of cuts are in technology roles.
  • Bloomberg News reported the planned layoffs.
  • Schroders is the UK's largest standalone fund manager.

Frequently Asked Questions

What is the main topic?
The main topic is Schroders' plan to cut 3% of its workforce, affecting around 200 jobs, primarily in technology.
Why is Schroders cutting jobs?
Schroders is cutting jobs as part of a workforce reduction strategy, focusing on technology roles.
How many jobs will be affected?
Approximately 200 jobs will be affected by the workforce reduction.

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