Baillie Gifford workforce faces 10% reduction following voluntary exit programme

The £197bn Edinburgh-based asset manager offered UK staff a voluntary exit programme this summer, giving them the option to leave on "enhanced terms". Baillie Gifford confirmed that programme has now concluded and, while the firm has not revealed the exact number of staff departures, Investment Week understands that around 160 jobs have been eliminated – roughly 10% of the 1,607 worldwide employees it boasted as of 31 March. "Our voluntary exit programme has now concluded. We are pleased with the outcome and the level of interest was broadly in line with our planning assumptions," a B...