The lender blamed the move on continuing market uncertainty and said that the affected staff were told on Tuesday; although no figure has been confirmed or which departments will be affected.
Bob Sturges, director of communications at Money Partners, said: "I can confirm that we have informed our employees of the intention to enter into an Employee Consultation.
"But as the commencement date, and numbers involved, have yet to be decided, we are unable to comment further at this time."
