Category : Search result: pay cuts


Klarna AI halves staff, boosts pay 60%

Klarna's AI investment has reduced its workforce by nearly half while increasing average employee pay by 60%. Discover how technology is reshaping the buy now, pay later sector.

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.

Junior Doctors Reject Pay Offer, NHS Strikes Escalate

Health Secretary Wes Streeting accuses junior doctors of holding the country to ransom after they reject inflation-busting pay deal, triggering fresh NHS walkouts that threaten to cripple healthcare services.

Tube strikes cancelled after RMT pay deal agreement

London Underground workers have accepted a groundbreaking pay deal, ending threat of further Tube strikes. The RMT union's agreement brings 5% pay rise and includes major concessions on working conditions.

Norway Wealth Fund Rejects Musk's £44bn Tesla Pay Deal

In a dramatic shareholder revolt, Norway's massive sovereign wealth fund has voted against Elon Musk's controversial compensation package, dealing a significant blow to the Tesla CEO ahead of the company's annual meeting.

Canada's recession budget imposes austerity measures

The Canadian government has unveiled a stark austerity budget featuring sweeping spending cuts and tax increases as the nation confronts its first recession in over a decade. Key public services face significant reductions while households brace for finan

NHS Pay Fury: Unions Threaten Winter Strike Action

Major healthcare unions have rejected the government's proposed 3% pay rise for NHS workers, branding it 'completely inadequate' and threatening coordinated strike action that could cripple health services this winter.

Amazon axes hundreds more UK jobs in new cuts

Amazon continues its global workforce reduction with significant cuts to its UK operations, affecting hundreds of employees across multiple divisions including its streaming and Alexa teams.

UK Living Wage Set for Major Increase in 2024

Millions of low-paid workers across Britain are set for a welcome pay boost as the National Living Wage prepares for its largest increase in years, providing crucial financial relief during the cost of living crisis.

Real Living Wage: Record 2025 pay rise announced

Millions of UK workers are set for a significant pay rise as the Real Living Wage receives its largest-ever increase, outpacing government minimum rates and tackling the cost of living crisis.

University strike threat over pay could lock students out

British universities brace for unprecedented disruption as academic staff threaten nationwide strikes over pay disputes and massive job cuts, potentially locking students out of courses during critical academic periods.

NHS staff vote to strike over institutional racism

Thousands of NHS workers across England have overwhelmingly voted for strike action, citing deep-rooted institutional racism and significant pay disparities affecting ethnic minority staff.

Reeves: No Money for Public Sector Pay Rises

Chancellor Rachel Reeves declares no money for public sector pay rises in upcoming budget, setting stage for potential confrontation with unions as she blames previous Tory government for empty coffers.

Government slashes museum funding in major shake-up

Major English museums face devastating budget cuts as Arts Council England redirects funding away from traditional institutions toward 'levelling up' agenda, sparking outrage in cultural sector.

Celebrity Traitors 2025 Pay Disparities Exposed

Exclusive investigation reveals the staggering pay disparities among BBC's Celebrity Traitors 2025 cast members, with some earning ten times more than others for the same show.

Tories Unveil Radical Welfare Cuts Plan

The Conservative government announces sweeping welfare reforms that could significantly reduce benefits payments for millions, sparking immediate backlash from charities and opposition parties.

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