All news on the topic: Job losses

382
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
495
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
439
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
516
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
615
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
990
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"
525
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
541
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%.
1094
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%
891
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
852
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"
958
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'
417
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
1137
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
833
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
374
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.
773
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
1032
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
1096
Port Talbot steelworkers protest over Tata threat to jobs and 'UK security'
Tata last month rejected proposals from unions that would have secured jobs while still transitioning to more environmentally friendly ways of producing steel
1205
'We need to fight for the steelworkers and UK's symbol of decline - Port Talbot'
'Steelworkers will march on Friday against plans that would cost 2,500 jobs - its time to fight for the future of Port Talbot - we need serious investment to decarbonise and rebuild after decades of under-investment'
787
Cisco Systems lays off 4,000 workers in latest wave of cuts to hit tech industry
Internet networking pioneer Cisco Systems is joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence
507
Netflix' Sunderland'Til I Die stirs emotions amid Roy Keane jibe and Wembley win
Sunderland 'Til I Die review: Netflix have released their latest series of the show - which charts the fortunes of the Wearside club - and Roy Keane's failed return is discussed by the club's co-owner
679
The Body Shop to appoint administrators with job cuts and shop closures expected
The Body Shop has already filed a notice of intention to appoint administrators in a move that could lead to job cuts and shop closures in the UK
1174
Beloved high street chain could close with 250 shops and thousands of job axed
The new owners of The Body Shop is set to bring in administrators to handle an insolvency process for its UK operation, which boasts around 250 stores, which could spark thousands of job losses
922
Sainsbury's boss refuses to rule out job losses as chain cuts costs by £1bn
The UK's second biggest supermarket unveiled a strategy update that will see it boost food space across all its near-600 supermarkets, but the change could result in job cuts