Tullett Prebon reveals staff cuts for 2014
More than 200 employees left the business last year
Interdealer broker Tullett Prebon has revealed it made a total of 217 employees redundant in 2014, according to its yearly financial results, released on March 3.
The staff cutbacks, which included front-office and support roles, helped to reduce the broker's annual fixed costs by more than £45 million.
"In light of the continuation of difficult market conditions, a number of actions were taken during the year to further reduce headcount and other fixed costs," Tullett Prebon stated in a
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