“These are difficult decisions and we do not underestimate the impact they will have on colleagues”
11:16, 15 May 2026
A picture of Hargreaves Lansdown’s offices in Bristol(Image: PA Media)
Around 100 jobs are to be lost at one of Bristol city centre ’s biggest employers, as finance firm Hargreaves Lansdown cuts staff following its de-listing as a plc.
Staff were told this morning (Friday, May 15) of the cuts, with the company telling Bristol Live that the roles to go focussed on administrative or support jobs that are ‘not needed now we are no longer a listed plc’.
The firm was founded in 1981 by Bristol Sport owner Steve Lansdown and Peter Hargreaves, although they both gradually reduced their shares in the firm during the 2010s and 2020s. Coincidentally, the pair both featured near the top of the Sunday Times Rich List published this morning.
The firm was a publicly-listed company on the Stock Exchange until March last year when it was bought out for £5.4 billion by a group of investors comprising CVC Capital Partners, Nordic Capital and Platinum Ivy, and it is that takeover that has ultimately sparked today’s redundancy announcements.
The firm is based at its offices on Anchor Road, but is planning to move to new offices at Temple Quay in a few months. Employing around 2,400 people, it is one of Bristol’s biggest employers.
A company statement said the firm will ‘regrettably’ be making around 100 roles redundant, but it remains ‘fully committed to Bristol’, as the company is growing with more than two million clients signed up for the first time recently, and more than £200 billion of ‘Assets Under Administration’ for the first time too.
READ MORE: Hargreaves Lansdown co-founder Peter Hargreaves to step down and hand board role to sonREAD MORE: South West’s top 10 mega wealthy revealed in new Sunday Times Rich List
“These are difficult decisions and we do not underestimate the impact they will have on colleagues,” a company spokesperson said. “However, they reflect the changes we are making to build the next chapter of Hargreaves Lansdown.
“We are investing significantly in the business, particularly in digital capability, product development and client experience, to ensure we continue meeting the evolving needs of our millions of clients.
“While some roles are regrettably being removed, we are also creating new roles in growth areas as we position HL for a strong future in the heart of Bristol,” she added.
