Asia-focused insurer FWD Group cuts 50 head office jobs, primarily in Hong Kong and Singapore, for a leaner team to support growth and become sustainably profitable within 12 months.

Asia-focused insurer FWD Group has reportedly cut around 50 jobs in its head offices this week, with the majority of the reductions occurring in Hong Kong and Singapore. The company has stated that the decision was made to ensure an appropriately skilled and sized team to support its growing business. The insurer aims to become sustainably profitable within the next 12 months through cost-cutting measures, suggesting a shift in strategy from previous expansion and growth goals.

February 02, 2024
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