UK's Capita says 900 jobs at risk as it cuts costs

Reuters

Capita, which operates in the UK, Europe, India and South Africa, said it was trading in line with its expectations

Yadarisa Shabong, Reuters News

November 21, 2023

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British outsourcing firm Capita said on Tuesday it plans to cut about 900 jobs as part of its cost-cutting drive, primarily affecting indirect support function and overhead roles.

The London-listed firm said it will soon start consulting with employees on the programme that is expected to save it 60 million pounds on an annualised basis from the first quarter of 2024.

Capita, which operates in the UK, Europe, India and South Africa, said it was trading in line with its expectations.

Capita employed about 50,000 people in 2022, according to its latest annual report.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)

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