ITV is cutting staff as it struggles to cope with a dramatic drop in advertising revenue. ITV terminated employees from its internal advertising agency in the last month. The job
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Metro Bank has slashed hours and canceled the seven-day opening of its branches after losing 1,000 jobs. As part of an 80 million pound cost-cutting campaign, the high street lender
Think tank warns that the shift in welfare benefits following the pandemic discourages unemployed people from seeking employment. A surge in the number of benefits being paid to those who
The goal of role reductions is to create cash that can be spent on luring customers back from competitors. Sainsbury’s plans to reduce costs by £1bn will see 1,500 jobs
The Spanish parent company of one of Britain’s leading producers of reinforced Steel has put the company up for sale. Celsa Steel UK, a plant in Cardiff that supplies the
As they invest in new areas like generative artificial intelligence, tech companies have cut 34,000 jobs. According to Layoffs.fyi which tracks attrition within the industry, Microsoft, Snap and PayPal each
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
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)
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
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
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,
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
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
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
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
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,
