Part of Octopus Group, which includes Octopus Energy and Octopus Money, the firm is one of the UK’s largest providers of specialist tax-efficient investments that qualify for relief from inheritance tax. 130 of the firm’s roles, predominantly in back-office positions are said to be at risk of redundancy. 

Octopus Investments is just one of many organisations exploring similar cuts at the moment, with HSBC announcing up to 20,000 job losses last week. 

The redundancies are said to have been sparked by Octopus Investments’ increase in technology spending, with a key focus on AI, and an attempt to increase organisational efficiency. 

Despite Octopus Investments being one of the most profitable businesses within the group, with a net profit of £76.7 million in 2025, it is hoped that cuts will streamline business operations and modernise the organisation. 

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A spokesperson for Octopus Investments said: “While we are a profitable and diverse business with healthy cash reserves, we’ve made the difficult but necessary decision to ensure we are a simpler business that can respond to the pace of change in today’s world.

“We are incredibly grateful for the contribution every affected employee has given to Octopus Investments and will provide them with all the support they need in finding new opportunities, both within the wider Octopus Group and elsewhere.”

At present the cuts are only expected to affect Octopus Investments rather than the wider group.