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Jobs and Employment
Guardian prepares for job cuts as drought in online advertising hits publishers
The Guardian's staff is bracing for job cuts, after their bosses informed them that the publisher will make a £39million loss annually due to a slump on the digital advertising market.
The Guardian's troubles, which were revealed to its…
The tax payer bill for benefits for workers of working age will reach 100 billion pounds this year
The first-ever increase in disability claims following the lockdown will see Britain's benefits bill for working age reach £100bn this year.
According to the Department for Work and Pensions' (DWP) forecasts, the cost of welfare…
ONS reveals the depth of the crisis as it finds 400,000 additional dropouts
The jobless crisis in Britain is more serious than thought. New estimates reveal that over 400,000 people have left the workforce due to long-term illness at a record high.
According to the Office for National Statistics, there are 9.25…
Sky cuts 1,000 jobs due to the shift from pay-TV customers to internet
Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the latest round of redundancies that has hit the UK media sector.
The company employs around 26,000 people in the UK and is…
PayPal will cut 2,500 jobs in an effort to re-size itself
Alex Chriss, the CEO of PayPal, said that it plans to cut 2,500 jobs or 9% from its global workforce this year.
In a memo sent to employees on Tuesday, the newly-appointed CEO explained that the decision had been made to "right size" the…
Channel 4 confirms that it will be selling its London headquarters as it announces job cuts
Channel 4 will sell its London headquarters due to the expected deep cuts in staff, especially those based in London. This has led to the search for smaller and more affordable premises.
The broadcaster will move to a smaller office in…
John Lewis: Group plans £260m turnaround, which could result in 11,000 job cuts
John Lewis Partnership raised £260million to fund its turnaround, as the struggling mutual prepares for job cuts of up to 11,000 people.
The partnership that owns John Lewis department store and Waitrose supermarkets has raised new funds…
Abrdn will cut hundreds of jobs in its restructuring plan of £150mn
UK asset manager Abrdn is preparing to make hundreds of job cuts as part of a drive to cut about £150mn in costs.
The cuts could amount to about 10 per cent of Abrdn's 5,000-strong workforce and are due to be announced on Wednesday…
What does it mean for the UK that Tata Steel has cut jobs in Port Talbot?
Gav Moule was supposed to be celebrating his 21st year of employment at the Port Talbot Steelworks in South Wales. The decision of the Indian owners of the steelworks to shut down its polluting furnaces has caused the 45-year old to fear he…
British Steel is rocked by auditor’s resignation after only a year
British Steel, a Chinese-owned company, has been shocked by the resignation of its auditor. The new auditor was unable verify stock worth tens and millions of pounds.
Moore Kingston Smith, who audited the finances of British Steel for…
CEOs predict that the use of artificial intelligence in this year’s workforce will result in…
According to a survey conducted by the World Economic Forum in Davos (Switzerland), a quarter of chief executives worldwide expect that the deployment of generative AI will lead to headcount cuts of at least 5% this year.
According to a…
Amazon will lay off hundreds at Prime Video and MGM
Amazon has cut hundreds of jobs from Prime Video, James Bond Studio MGM and Prime Video as it battles tough competition on the streaming market.
In a memo sent to employees on Wednesday, the company announced that it would be eliminating…
Turnberry, Trump’s Scottish Golf Course, makes its first profit
Donald Trump's Scottish Golf Course Turnberry made its first profit ever after nearly a decade under turbulent ownership by the ex-US President.
According to newly filed accounts, Trump Turnberry in Ayrshire, a resort of 800 acres with…
Ozempic and Wegovy, the wonder drugs that could fix Britain’s sick note economy
Weight-loss injections could be the answer to record unemployment
British workers are more sick than ever before. In 2022, nearly three out of every 100 hours worked were missed due to illness. This is the highest percentage since 2004.…
Octopus Energy raises $800m to create green jobs in the UK
Octopus Energy raised $800m from its shareholders, valuing the company at almost $8bn. This comes just weeks after Octopus Energy became Britain's largest power supplier.
Existing investors such as Tokyo Gas of Japan and Al Gore’s…
Spotify will cut nearly a fifth off its staff as part of an efficiency drive
Spotify is cutting around 20% of its staff because the economy has slowed down, and they need to save money in order to make consistent profits.
CEO Daniel Ek announced on Monday that Spotify will be reducing its global workforce by…
Office landlords in Europe are facing a cash crunch of £34bn as a result of home working
Economists warn that office landlords in Europe are going to face a cash crunch of £34bn as more staff work from home.
According to S&P Global, the commercial real estate industry in Europe will face a funding shortage between…
Ottolenghi is forced to reduce restaurant opening hours due to chef shortage
Yotam Ottolenghi has had to reduce the opening hours of his restaurants due to a lack of chefs.
Emilio Foa is the chief executive officer of Ottolenghi’s restaurant group, which includes Nopi, Rovi and other restaurants in London’s West…