CMC Markets announces 17% workforce cut for cost-cutting drive amid post-COVID activity decline.

CMC Markets, an online trading platform, has announced plans to cut 17% of its global workforce, representing around 200 positions. The move is part of a cost-reduction push, with the company aiming to achieve annualised savings of £21 million by 2025 fiscal year. CMC Markets said that it is on track to post a net operating income of between £290 million and £310 million for the same year.

February 05, 2024
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