Drax (DRX LN) is reportedly planning to cut 350 employees

Drax (DRX LN) is reportedly planning to cut 350 employees.

Drax's decision to cut 350 employees signals a potential shift in its operational strategy, likely driven by cost-cutting measures or restructuring efforts. This could reflect broader challenges within the energy sector, impacting investor sentiment and potentially influencing stock performance in the FTSE 100 and European equities more generally.