LSE Cuts Headcount By 10%

FRONT PAGE: EXCHANGE WATCH

The London Stock Exchange has cut staff positions by at least 10 percent, leading to speculation that the cuts are either a defense tactic or a belt-tightening measure in preparation for a takeover, sources tell Inside Market Data.

The LSE has eliminated between 40 and 50 roles, according to sources close to the exchange. The LSE, which already operates a fairly tight ship staff-wise, is understood to have fewer than 400 employees.

The cuts are said to be in mid-level roles across all business

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