Legal & General Cuts 1,000 Jobs, Spares Asset Management in Transformation Bet

What this means for your job search: Tech roles within asset management arms of financial institutions, like Legal & General's, are explicitly being spared from cuts, indicating stability and potential investment in this area. For other tech roles in the broader financial sector, expect a more cautious hiring environment focused on skills that drive efficiency and strategic transformation. Legal General job cuts 2026: UK insurer Legal & General announced plans to eliminate roughly 1,000 roles -- about 10% of its workforce -- by mid-2027, explicitly exempting its £1.2 trillion asset management arm from redundancies as CEO Antonio Simoes restructures the group from a position of exceptional financial strength, including a 201% solvency ratio.