Baillie Gifford has begun a consultation on workforce changes across about 1,600 international employees and is seeking voluntary departures as it reallocates roles. According to a September 2025 report, up to 50 positions could be affected, and some staff are expected to leave before year-end.
The partner-owned asset manager said the review was linked to changes in client distribution. Defined benefit pension schemes now represent a smaller part of the market, while intermediary and individual-saver channels account for a larger share.
Baillie Gifford said it is using internal mobility to redeploy staff where possible. In the past year, 132 employees changed roles and 61 joined, including six graduates and postgraduates in the investment programme. The report said the firm managed about £200 billion at the time.
The review follows an earlier restructuring in 2024, when the firm reduced headcount by dozens, including some investment roles. That process followed a strategic review of fixed income that narrowed its focus to the UK market and led to the closure of four fixed-income funds with limited client demand.