Legal & General Group plans to eliminate roughly 1,000 jobs, or 10% of its workforce, by the middle of 2027 as Chief Executive Officer Antonio Simoes leads a broader restructuring. The initial cuts will be voluntary and focused on the U.K., while the asset-management business, which oversees £1.2 trillion ($1.60 trillion) in investments, will follow its own restructuring plan. Legal & General has about 10,500 employees worldwide.