Category : Search result: UK layoffs


Atlassian Axes 5% of Staff in Major AI Restructuring

Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.

ConocoPhillips Axes 25% of UK Oil Workforce

US oil giant ConocoPhillips has announced deep cuts to its British operations, slashing a quarter of its UK workforce. The move signals a major shift in the North Sea energy landscape and raises concerns about the future of the region's oil industry.

Zuckerberg's £75M gift to guard called 'tone-deaf'

Meta CEO Mark Zuckerberg faces backlash for gifting his security chief a reported £75 million package, including a luxury home, as tech layoffs continue. Critics brand the move 'obscene' and 'out of touch'.

UK Grocery Chain Closes 60 Stores in Mass Layoffs

A prominent UK supermarket chain is set to close 60 stores and cut hundreds of jobs in a drastic restructuring plan aimed at reducing costs and adapting to changing consumer habits.

TikTok Slashes Hundreds of UK Jobs in Major Restructure

TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.

Musk Must Face $500m Twitter Severance Lawsuit, Judge Rules

A US federal judge rules that Elon Musk must confront a lawsuit alleging he refused to pay at least $500 million in severance to thousands of Twitter employees he dismissed after his $44 billion acquisition. The case advances as the court finds credible c

US jobless claims hit 231,000, highest since August

New data shows a significant jump in US unemployment benefit applications, signalling a potential cooling of the labour market. However, the overall pace of layoffs remains subdued, pointing to a resilient economy.

CBS News axes anchors in format shake-up

CBS News announces major changes to its evening broadcast format, resulting in the departure of two prominent anchors. Discover the details behind this dramatic restructuring.

Qantas fined £66m for pandemic staff sackings

Australia's national airline Qantas has been slapped with a hefty fine for unlawfully dismissing workers during the COVID-19 crisis. Discover the full story behind this controversial decision.

ITV axes 200+ jobs in £50m cost-cutting drive

ITV is set to axe more than 200 jobs as part of a major restructuring plan to cut costs and streamline operations. The broadcaster aims to save £50 million annually amid industry challenges.

Intel slashes jobs amid US tech crisis

Intel announces major layoffs as the US tech sector faces deepening turmoil. Experts weigh in on the implications for employees and the broader market.

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