Morgan a Casualty of LSE Job Culls
Sources say the exchange has laid off around 60 employees as a result of the restructuring-including the majority of the exchange's London-based marketing staff. However, an exchange spokesperson says that while some staff members have left immediately, the LSE has yet to confirm the fate of others, whose positions are still being scrutinized.
An official statement says the changes aim to "flatten the Group's structure and improve the speed of decision-making." The statement also says that as a
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