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
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails