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Live: Microsoft axing jobs in Australia, while Wall Street rises on Trump-Vietnam trade deal
Microsoft’s decision to reduce its global staff by four percent, including roles in Australia, highlights ongoing corporate cost adjustments amid evolving international trade devel...
Read Full Article →Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends
The owners of the insolvent oil refinery received substantial earnings through salaries and dividends prior to its failure, raising concerns about their financial responsibility to...
Read Full Article →Bumble jumps 26% as dating company plans to axe 30% of workforce
The company’s shares rose sharply following plans to reduce its employee base by nearly one-third, reflecting investor optimism about cost-cutting measures and future profitability...
Read Full Article →Dating app Bumble to lay off hundreds of staff amid turnaround bid
Bumble’s decision to reduce its global headcount by nearly one-third reflects a strategic move to improve operational efficiency and enhance financial performance during a period o...
Read Full Article →AI's impact on the job market is ‘inevitable,’ says workforce expert: 'It's going to hurt for certai...
The introduction of artificial intelligence is expected to reshape employment patterns, potentially causing financial challenges for some workers while creating efficiency gains an...
Read Full Article →Amazon faces worker backlash over CEO's AI remarks
The CEO’s comments on potential job cuts due to AI advancements sparked employee dissatisfaction, which may impact Amazon’s operational stability and influence investor confidence...
Read Full Article →Britons have just 23 hours of ‘genuinely free’ time a week – so much for labour-saving technology |...
Advancements in automation have the potential to greatly increase productivity, which could allow individuals to allocate more time to leisure rather than work, impacting economic...
Read Full Article →Amazon CEO says AI will mean fewer jobs at the company. Here’s his advice on how people can keep the...
Amazon’s CEO predicts workforce reductions due to AI-driven automation but encourages employees to adapt to new technologies to maintain their positions and remain valuable within...
Read Full Article →AI will shrink Amazon's workforce in the coming years, CEO Jassy says
Amazon plans to reduce its employee numbers over time as the integration of advanced AI technologies aims to improve efficiency and potentially lower operational expenses.
Read Full Article →Mind the skills gap: why lifelong learning Is key to economic growth
Bridging the discrepancy between current education and market demands is crucial for enhancing workforce efficiency, supporting economic expansion, and mitigating potential financi...
Read Full Article →Will the North Sea oil and gas industry be Labour’s next U-turn?
Changes in government approach toward North Sea energy production could significantly impact employment levels, regional economic stability, and fiscal revenues derived from the se...
Read Full Article →Procter & Gamble to cut 7,000 jobs as tariff pressure hits operations
Procter & Gamble plans significant workforce reductions to address increased expenses from trade tariffs and shifting consumer confidence, aiming to enhance operational efficiency...
Read Full Article →McKinsey slashes 10 per cent of jobs in major overhaul
The decision to reduce staffing by a significant margin reflects the firm’s strategic shift toward improving financial performance following a period of rapid growth during the pan...
Read Full Article →JPMorgan Chase wants bosses to 'resist' hiring and use AI
JPMorgan Chase is considering a slowdown in workforce expansion by encouraging managers to limit new hires and focus on implementing artificial intelligence to enhance operational...
Read Full Article →Klarna CEO says AI helped company shrink workforce by 40%
The integration of artificial intelligence at the Swedish fintech firm has resulted in a substantial reduction of nearly half its staff, reflecting significant cost-saving measures...
Read Full Article →Burberry to cut 1,700 jobs as designer suffers heavy losses
The company plans to reduce its global staff by approximately 20%, a measure aimed at addressing substantial financial setbacks and improving overall cost efficiency.
Read Full Article →Burberry shares jump on turnaround hopes but job losses loom
Investors responded positively to Burberry’s improved prospects for the latter half of the year, although concerns remain due to the planned reduction of 20 percent of its employee...
Read Full Article →Microsoft to lay off 6,000 workers despite streak of profitable quarters
Microsoft's decision to reduce its staff by approximately 6,000 employees reflects an effort to optimize operational costs despite recent profitability and overall workforce growth...
Read Full Article →Nissan to shed 20,000 jobs as Japanese automaker reports loss
The reduction of roughly 15% of its international staff reflects Nissan's efforts to address financial challenges following the announcement of a fiscal year loss.
Read Full Article →Panasonic is cutting 10,000 jobs in a bid to boost efficiency
The planned reduction of 10,000 positions at Panasonic aims to lower operational costs and improve overall financial performance in a competitive market environment.
Read Full Article →‘Tone deaf’: US tech company responsible for global IT outage to cut jobs and use AI
CrowdStrike plans to reduce its global headcount by 5%, attributing the decision in part to operational improvements driven by the integration of artificial intelligence technologi...
Read Full Article →EY CEO says AI won't decrease its 400,000-person workforce — but it might help it double in size
The company anticipates that advancements in artificial intelligence could enable significant expansion of its workforce, potentially leading to increased operational scale and fin...
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