HP to Cut 6,000 Jobs in AI Restructuring Plan
HP announces up to 6,000 job cuts worldwide as it embraces AI to accelerate innovation. The move comes alongside a lower profit outlook and aims to save $1bn annually.
Category : Search result: financial sector employment
UK Job Losses Accelerate as Major Employers Cut Staff
Private sector job losses surge to 13,500 weekly as major employers including Amazon and Apple implement widespread layoffs. Federal Reserve faces policy dilemma amid rising unemployment and inflation.
Money Confidence Gap Hinders UK Social Mobility
New research reveals a stark money confidence gap in the UK, where background trumps income. Discover how it affects you and the vital solutions experts recommend.
Australian Public Service Wages Jump 3.4%
New data reveals Australian public servants are enjoying their fastest wage growth in 15 years, outstripping private sector increases and raising questions about economic fairness.
North Sea Oil Crisis: Thousands Face Job Axe
Exclusive investigation reveals how sweeping new medical assessments could decimate Britain's offshore workforce, threatening energy security and livelihoods across Scotland's oil heartlands.
Banks spared tax rises in Reeves budget
Chancellor Rachel Reeves is set to exempt major banks from tax increases in her upcoming budget, signalling a pragmatic approach to financial sector relations while facing criticism from opposition parties.
Labour workers rights bill could cost NHS billions
Exclusive Treasury assessment warns Keir Starmer's New Deal for Workers may unleash financial chaos across public sector, with NHS, police and fire services facing unsustainable costs from enhanced employment rights.
Wall Street's exodus to San Francisco and Phoenix reshapes finance
Major financial institutions are quietly shifting operations from Wall Street to San Francisco and Phoenix in a strategic move that's reshaping America's financial landscape.
Labour's Aberdeen jobs pledge in U-turn controversy
Labour faces mounting criticism after appearing to backtrack on their flagship promise to create 1,000 green energy jobs in Aberdeen, with opponents accusing the party of attempting to erase their previous commitments from public memory.
Tice vows to shake up City and challenge unions
Reform UK chairman Richard Tice declares war on union 'barons' and promises radical City of London reforms in exclusive interview, positioning his party as pro-business alternative to Conservatives.
George Osborne's £1.3M Hedge Fund Role Sparks Outrage
Former Chancellor George Osborne sparks outrage with lucrative hedge fund position earning £1.3 million annually while serving as MP during cost of living crisis.
US Private Sector Adds 150,000 Jobs in September
Fresh data reveals America's private sector employment continues to grow steadily despite economic headwinds, with services industries leading the charge in September's hiring spree.
BP Profits Plunge Despite Major Asset Sales
Energy giant BP reports significant profit decline despite major asset disposals, highlighting ongoing challenges in the traditional energy sector as transition pressures mount.
Farage: Reform UK to contest City of London
Brexit architect Nigel Farage announces Reform UK's ambitious campaign to contest the City of London in upcoming elections, challenging traditional Tory strongholds.
GMB union launches major Highlands recruitment drive
The GMB union is embarking on an ambitious campaign to recruit thousands of new members across the Highlands and Islands, targeting workers in hospitality, social care, and other key sectors facing challenging employment conditions.
Target's Zoom layoff blunder sparks corporate outrage
US retail giant Target faces backlash after conducting mass redundancies via Zoom, with employees discovering their fate through impersonal group video calls in latest corporate misstep.
AGL Energy axes hundreds of jobs in major restructure
Australian energy giant AGL announces sweeping job cuts affecting hundreds of positions as part of dramatic cost-cutting measures and strategic overhaul.
FCA warns of Brexit talent drain threatening City
Exclusive: FCA executive warns of 'serious concern' as financial services professionals leave UK, with new research revealing worrying trends in banking and insurance sectors.
US Weights Banking Sanctions to Cripple Russia's War Machine
Exclusive: Washington considers sweeping new sanctions targeting Russia's banking sector that could cripple Moscow's ability to fund its war in Ukraine, according to senior officials.
NatWest warns against bank tax hikes as profits soar
NatWest CEO Paul Thwaite urges UK government to resist increasing banking taxes despite reporting a 27% profit surge, warning it could harm competitiveness and economic growth.
FCA Under Fire Over Soaring Consumer Complaints
The Financial Conduct Authority faces mounting criticism as consumer complaints against financial firms skyrocket, revealing serious gaps in investor protection and regulatory oversight.
NZ's Largest Strike: 300,000 Workers Walk Out
In an unprecedented display of unity, over 300,000 public sector workers across New Zealand have launched the country's largest-ever strike, demanding better pay and working conditions amid soaring inflation.
Bank of England warns of banking sector instability
Andrew Bailey raises serious concerns about financial stability as Barclays, Tesco Bank and Lloyds face significant challenges in the current economic climate.
Barclays, Tesco Bank and Lloyds Cut Hundreds of Jobs
Major UK banks including Barclays, Tesco Bank and Lloyds Banking Group announce significant job cuts and branch closures as digital transformation accelerates across the banking sector.
Amazon Faces Discrimination Lawsuit Over Racist Work Environment
The US Equal Employment Opportunity Commission files lawsuit against Amazon, alleging Black and Hispanic workers faced systemic discrimination and retaliation at New York and Colorado facilities.
Westpac ordered to allow work-from-home in landmark case
In a landmark employment decision, Westpac banking group has been ordered to allow flexible working arrangements after a senior employee won her case against returning to the office full-time. Discover how this ruling could reshape workplace policies acro
Manager sued after missing congratulatory WhatsApp message
A London property manager is taking her former employer to an employment tribunal, alleging discrimination after being dismissed for failing to send a congratulatory WhatsApp message on the company's one-year anniversary.
Major UK retailers fined for minimum wage violations
Exclusive investigation reveals how prominent British companies including Holland & Barrett and British Gas systematically underpaid thousands of workers, resulting in substantial government fines and back-pay settlements.
US Regional Bank Stocks Crash Amid Renewed Crisis Fears
American regional banks face renewed turmoil as NYCB's financial warning triggers sector-wide selloff, raising fears of another banking crisis and Federal Reserve intervention.
Workers file £3.5bn lawsuit as shares crash
Thousands of former employees file massive lawsuit against corporate bosses after being made redundant while executives cashed in lucrative bonuses, causing company shares to crash dramatically.
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