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
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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
Tesco is reportedly in advanced talks to join a significant government-backed initiative aimed at curbing the rise in economic inactivity among Britons with health conditions and disabilities. The prospective partnership
Hundreds of employees at Orsted in Britain are facing uncertainty, following the announcement by the Danish wind energy giant that it will slash a quarter of its workforce globally. The
Journalists at The Mirror are preparing to take industrial action after linking an impending wave of redundancies to the publisher’s intensifying use of artificial intelligence. The National Union of Journalists
Thousands of jobs are under threat at Claire’s Accessories following the acquisition of half the UK and Ireland store portfolio by Modella Capital in a move that signals significant upheaval