Abrdn: Investment company plans to cut around 500 jobs
  • 2 months ago
Abrdn said clients have pulled billions from the investment company as it begins major cuts this year. It came as the fund manager and wealth specialist saw its pre-tax loss shrink to £6m for last year, reducing from a £612m loss. The firm said last month it plans to cut around 500 jobs as part of a sweeping overhaul to save the investment firm up to £150m in costs.