All news on the topic: Job losses

670
WHO faces $1bn budget gap and 2,000+ job losses after loss of US support
Donald Trump’s administration withdrew from the World Health Organization in January, prompting the agency to scale back its work.
733
’Challenging market conditions’ force Paddy Power to close 57 betting shops
Flutter, the parent company, cited ‘rising cost pressures and tough market conditions’ as the reason for the closures.
508
Morrisons closes 17 stores and cuts 3,600 jobs after a loss‑making year
Morrisons revealed that they cut 3,600 jobs after closing 17 stores last year following a challenging year.
544
Mass exodus from NASA: the agency will lose a fifth of its team
Approximately 20% of the employees at the U.S. National Aeronautics and Space Administration are expected to leave the space agency, a NASA spokesperson stated on Friday.
876
Clintons has closed 38 stores, cutting over 300 jobs in a year of downsizing
Clintons shuttered 38 stores, resulting in the loss of over 300 jobs in the past financial year.
731
Unemployment rate exceeds expected peak as budget tax increases take effect
The UK’s jobless rate ticked up to 4.6% in April while payrolled employment has fallen sharply since, according to official figures covering the period when budget tax hikes on businesses came into effect.
737
Nearly 170,000 retail jobs were lost in 2024, with expectations of even more job losses next year
The figure is the highest since the aftermath of COVID-19 pandemic lockdowns in 2020.
529
P&O Ferries spent £47m on mass layoffs amid financial woes, accounts show
Delayed filings reveal cost of sacking 786 seafarers and replacing them with lower-paid agency staff in 2022
619
Volkswagen to shut three factories, axe jobs and cut pay by 10%
German carmaker warns of stagnation in the European sector amid news of deeper-than-expected action
697
Over 2,000 jobs have been cut as UK prison construction company ISG collapses
Administrators EY confirm construction company, involved in 69 live government projects, has ceased trading
701
Shell to cut hundreds of jobs in oil and gas exploration
Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025
829
Analysis shows UK unemployment is increasing faster than in any other OECD country
TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April
1077
Irn-Bru maker says up to 195 jobs across UK are 'at risk' of being cut
Irn Bru maker AG Barr has said that up to 195 jobs are likely to be cut as part of a "business reorganisation"
643
John Lewis warns more jobs could be cut to save costs despite return to profit
The John Lewis Partnership has cautioned over possible job cuts in the year ahead as part of an overhaul
625
Metro Bank to axe 1,000 jobs as it looks to cut £80million in costs
The troubled group said previously announced plans to annual cut costs by £50 million was seeing it shed around 22% of its 4,266-strong workforce higher than the originally expected 20%.
1274
US adds 275,000 jobs as unemployment stays below 4% for 25th month in a row
Job growth in February was higher than January's revised gain of 229,000 job, but the unemployment rate rose slightly to 3.9%
1019
Capita warns of further job cuts as it reveals 'rapid' £100m cost-saving plan
The group, a major contractor for the Government and local authorities, said it was pressing ahead with cost-cutting as it swung to a £107m loss for 2023 after revenues fell and it took a £25 million hit from a cyber attack
946
Sainsbury's to cut 1,500 jobs as part of £1billion 'cost cutting' plan
Sainsbury's said the money it saves through the job cuts will be reinvested into the business to give customers "great value, quality and service"
1071
Electronic Arts to cut 5% of staff and cancel games in cost-cutting drive
The company will focus on its 'owned IP, sports, and massive online communities'
551
Sony to cut around 900 PlayStation jobs and will close London Studio
Jim Ryan, President & CEO, of Sony Interactive Entertainment announced the layoffs on his X - formerly Twitter - account this afternoon after sending an email out to Sony and PlayStation staff
1212
Abrdn clients pull £13.9 billion as the investment firm reduces workforce by 500
The Edinburgh-based company, which rebranded from Standard Life Aberdeen in 2021, said the cuts will primarily take place this year and be completed by the end of 2025
907
Rolls-Royce confirms cost-cutting 'well under way' as it reports £2.4bn profit
The aerospace engineering specialist says that the swing to profit was boosted by cost savings and better-than-expected revenues
471
Recruitment firm Hays warns of futher job cuts as profits slump by 71%
The group slashed its total workforce by 9% last year to save costs as jobs markets globally slowed sharply, cutting its fee-earning consultants by 12%, and by 7% in the final six months alone, to 7,971.
896
Barclays overhaul welcomed by investors, but fears raised about further job cuts
The bank is aiming to save about £1 billion from making the bank more efficient this year, and targeting about £2 billion worth of savings in total by 2026
1112
Tata Steel workers in street protest over proposed loss of thousands of jobs
Tata is consulting on plans to shut down blast furnaces at Port Talbot with the loss of around 2,800 jobs as it switches to a more environmentally friendly way of producing steel