CAB Payments Holdings plc (LON:CABP) today announced a plan to streamline its operations during 2025.
This will deliver growth from a cost base that is more appropriately aligned to its stated strategic and operational priorities. The company is commencing a programme to reduce its head count by approximately 20% including a redundancy program subject to consultation, while also driving higher performance within the organisation.
This restructuring is expected to take place during the first quarter of 2025.
It is expected that the impact of headcount reduction savings will counteract the annualisation of strategic hires made throughout 2024, inflation and national insurance rises, resulting in broadly flat growth of staff costs in 2025. The Group will continue to focus on its investments in AI and automation to drive an increasing amount of automation throughout the business.
Since the trading update in October…
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