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Abrdn Exclusive: Inside the 10% Staff Cutting Plan

Abrdn, the Edinburgh-based asset management firm, is initiating significant workforce reductions, planning to cut about 500 jobs, which represents roughly 10% of its staff.

The entrance to the abrdn office at St Andrew Square in Edinburgh, UK. PHOTO: Jonne Roriz/Bloomberg
The entrance to the abrdn office at St Andrew Square in Edinburgh, UK. PHOTO: Jonne Roriz/Bloomberg

This move is a key component of a broader strategy to save at least £150 million annually. The firm aims to boost the profitability of its core investment business and reallocate resources towards growth areas.

The restructuring plan includes streamlining management structures, enhancing efficiency in

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