Capita’s Cost‑Cutting Sprint: Ready to Trim Even More
After a staggering £107 million loss last year, the outsourcing titan is ramping up its savings game—aiming to squeeze another £100 million out of its books by 2025. The kicker? This could mean even more job cuts.
Backing the Numbers
- 2023 Loss – A whopping £107 million.
- 2024 Target – £60 million in net savings, from Q1 onward.
- 2025 Goal – An extra £100 million in efficiency gains.
- Job Cuts in 2023 – 900 roles eliminated.
The CEO’s Playbook
Adolfo Hernandez, Capita’s fresh chief executive, called out the need for a “rapid reduction in our cost base” and highlighted the company’s path to the £60 million savings announced last November.
“Today we’re unveiling an additional material efficiency improvement of £100 million to sharpen our competitive edge,” he added, hinting that the next big chapter will unfold at the June strategy briefing.
What This Means for Employees
While the figures are all ink and intention, the practical reality is that more people may have to find new gigs. The company’s plan is essentially a mass‑savings strategy—cut costs now, boost profits later.
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