One of Cirencester's biggest employers has announced it is to cut around 200 jobs.

St James's Place Wealth Management has revealed they will make the cuts over the coming months following a review of the business.

A spokesman would not reveal how many jobs would be affected at its headquarters in Cirencester.

St. James’s Place CEO, Andrew Croft said: “At the beginning of last year, we started a review of how we’re organised to deliver against our strategic priorities.

"Making sure we have our investment, our resources, and our people in the right areas to drive our business forward.

"These priorities included the development of technology, making us easy to do business with, and changes to our investment approach through the IMA.

“We’ve continued to deliver against these initiatives throughout the pandemic.

"Indeed, the technology changes have helped us to adapt successfully over the past nine months.

"However, the rapid pace of change has also emphasised the need for us to really push ahead with our plans.

“To remain leaders in our market it’s vital we’re an agile and dynamic business – flexing to the changing needs of the Partnership and clients.

"Whilst in coming years we’ll continue to grow the investment in our business, we need to make focused decisions on where and how we use this resource.

"Making sure we have the right people focused on the right things.

“Over the coming months we’ll be simplifying where we can, removing duplication of work, and stopping those tasks we no longer require.

"And unfortunately, this also means a loss of around 200 roles from across the SJP business.

"Wherever possible in the process we’ll look to redeploy people to roles where their skills are aligned.

"And where this isn’t possible we’ll provide support, guidance, and people to talk to.

“This was a very tough decision for us to make, but one that’s needed for SJP to continue to be successful in the months, years, and decades ahead.”