CMC Markets (LON: CMCX) announced today (Monday) its decision to reduce its headcount by 17 percent, which constitutes about 200 positions in the company. The move came as a part of its “cost reduction and efficiency plans.”
“CMC is expected to incur a one off, non-recurring cost of circa £2.5 million in FY24 with estimated annualised savings of £21 million to be realised in FY25, representing an 18% reduction against consensus staff costs,” the company noted.
Expect ongoing updates as this story evolves.
CMC Markets (LON: CMCX) announced today (Monday) its decision to reduce its headcount by 17 percent, which constitutes about 200 positions in the company. The move came as a part of its “cost reduction and efficiency plans.”
“CMC is expected to incur a one off, non-recurring cost of circa £2.5 million in FY24 with estimated annualised savings of £21 million to be realised in FY25, representing an 18% reduction against consensus staff costs,” the company noted.
Expect ongoing updates as this story evolves.