IG Group Holdings PLC has announced measures to simplify and streamline its business in order to support future growth. The company plans to reduce its headcount by approximately 300, representing around 10% of its total workforce. Alongside other efficiency measures, such as expanding the use of its global centers of excellence, IG Group expects to achieve full run rate cost savings of £50 million per year. These actions are expected to drive operating margin expansion over the medium term. The company anticipates structural savings of £10 million in FY24, £40 million in FY25, and £50 million in FY26. Non-recurring costs to achieve the savings are expected to be approximately £18 million split across FY24 and FY25. Charlie Rozes, Acting CEO of IG Group, stated, "We want to position IG Group as a lean fintech company and today's decisive actions ensure a strong platform for future growth."