News

Brooks Macdonald and IG Group slash staff

Investment manager and trading firm cut staff to reduce costs

Tuesday 31 October 2023 at 07:33

Job cuts have been rolling out across the City in recent months
Job cuts have been rolling out across the City in recent months Photo: Bloomberg via Getty Images

Investment manager Brooks Macdonald and online trading company IG Group are both cutting jobs in a bid to drive profits.

Brooks Macdonald said it would cut around 55 roles, while IG said it would cut around 300 roles, representing 10% of its workforce, the companies said in separate 31 October stock market statements.