Asset Management

Abrdn set to axe hundreds of jobs as cost pressures mount

The £496bn fund management group is expected to announce the job cuts alongside a trading update on 24 January

Abrdn CEO Stephen Bird has been trying to turn around the asset manager since taking the helm in 2020
Abrdn CEO Stephen Bird has been trying to turn around the asset manager since taking the helm in 2020 Photo: Jonathan Wong/Getty Images

Abrdn, the Edinburgh-headquartered fund group, is set to announce hundreds of job cuts as part of an ongoing cost-saving drive.

The £496bn UK-listed fund management group is expected to announce the job cuts alongside a trading update on 24 January, according to Sky News. The cuts could affect around 10% of Abrdn’s almost 5,000-strong workforce.

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