McKinsey, the global management consultancy renowned for offering advice on cost reduction, is preparing for significant internal changes as advances in artificial intelligence reshape the industry. Senior partners have initiated
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City & Guilds, the longstanding training and qualifications organisation, is set to reduce its UK workforce significantly following its recent acquisition by the private Greek firm PeopleCert. The move forms
The British Library has advised its employees to forgo buying Christmas gifts this year, promoting time spent with loved ones instead, as the institution navigates industrial action over pay disputes
Britain faces a critical youth unemployment challenge as nearly one million young people aged 16 to 24 are not in education employment or training according to the latest government data.
HP Inc plans to reduce its global workforce by between 4000 and 6000 employees by 2028 as it accelerates the integration of artificial intelligence technology across its operations. The initiative
About 40 per cent of jobs in the United States could be replaced by artificial intelligence by 2030, according to new analysis from the McKinsey Global Institute. The consultancy’s report
The latest announcement from Chancellor Rachel Reeves regarding the minimum wage has prompted both support and alarm within the business community. From next April, the minimum hourly wage for 18
More than 650 employees are set to lose their jobs after Unimetals, a major player in the scrap metals sector, filed for compulsory liquidation. The company, which operates from 27
The number of young men in the United Kingdom not in employment, education, or training has risen sharply, intensifying concerns about a growing divide between the economic fortunes of young
Crest Nicholson has issued a warning that jobs are at risk following a downgrade of its annual profit forecast, attributing the move to persistent uncertainty surrounding government tax policy. The
Britain is grappling with a significant increase in benefit claims driven by mental health and behavioural disorders, challenging longstanding attitudes towards work and disability. Recent government data reveals that two
Billionaire John Caudwell has urged Sir Keir Starmer to abandon Labour’s proposed Employment Rights Bill, citing concerns that the reforms could make Britain less attractive to investors. Caudwell, who shifted
Every young person who leaves the workforce due to long term illness costs the country £1 million over their lifetime, according to a new review. The findings, published today by
Paramount, the American media conglomerate that owns Channel 5 and storied Hollywood studios, is set to cut over 2,000 jobs in a sweeping round of redundancies following its recent acquisition
The influence of artificial intelligence on white-collar employment became sharply evident as two global giants, Amazon and PwC, confirmed sweeping job cuts this week. Amazon, the e-commerce and technology powerhouse,
About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts
