APG layoffs and AI

APG, "APG chooses speed, efficiency, and agility with Strategy 2030" (December 9, 2025): "This strategy responds to major changes in the pension sector: funds are demanding more control, regulations are becoming stricter, and competition is increasing. APG intends to significantly reduce execution costs" ... "Through automation, AI, and standardization within the renewed system, pension services can be delivered more efficiently." And: "This strategy requires a leaner organization with a lower cost base. To reduce the cost per participant, execution costs must be €240 to €270 million lower by 2030 than they are today. This will impact employees across all business units and offices. Based on current insights, the number of structural positions will be reduced by 1,000 to 1,200 FTEs, phased down to around 2,500 FTEs by 2030." ... "Part of the reduction will be absorbed through natural attrition."

APG, the Dutch pension administrator and investor majority-owned by the civil-service pension fund ABP, said on December 9, 2025 that under its Strategy 2030 it will cut 1,000 to 1,200 full-time positions by 2030, leaving about 2,500, across all its business units and offices, with most of the cuts falling in the Netherlands, where it has offices in Amsterdam and Heerlen (NOS). APG said its execution costs must be 240 to 270 million euros lower by 2030 as funds demand more control, rules tighten and competition grows, and that automation, AI and standardisation will let it deliver pension services more efficiently. AI is one of several reasons and means the company names, so the cut is graded Mixed, and the register counts the lower end of APG's own range, 1,000 full-time positions. Part of the reduction will come through natural attrition and expiring flexible contracts, but chief executive Annette Mosman told NOS that reorganisations cannot be avoided; which roles go has not been said. In November 2026 APG confirmed to the Financieele Dagblad about 40 cuts in its asset management division as it ended active equity management (NL Times), without saying on a free page whether they belong to this plan.

Roles the sources name:

Not specified (all business units and offices: Pension Services, Asset Management and the Corporate Center, per APG)

Share of the workforce:

about 27% (our arithmetic: 1,000 of the about 3,700 full-time positions NOS gives; about 32% at the top of APG's range, which NOS calls just under a third)