https://unitewithpriti.co.uk/news/what-the-standard-chartered-layoffs-2026-tell-us-about-where-banking-is-actually-heading/
Team17 Reduces Marketing and Comms Roles
Team17 confirmed recent layoffs. These cuts impacted marketing and communications personnel. Two employees lost their jobs. The company completed a business review. This follows a larger restructuring effort from 2023. ... — read more
Perella Weinberg Partners Reduces Staff, Acquires London Firm
Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This... — read more
Intuit Cuts 3,100 Roles in Restructuring
Intuit announced a 17% reduction in its full-time workforce. This cut affects approximately 3,100 positions. The restructuring is expected to incur $300 million to $340 million in charges. Intuit also reported strong fiscal third-quarter earnings and... — read more
BT to cut thousands of jobs by 2030
BT plans to cut at least 27,500 more jobs by 2030. This represents over a quarter of its current workforce. The company aims to reduce costs due to stagnant sales. BT already eliminated 8,500 positions in the past year. These reductions stem from... — read more
WH Smith Rejects Modella Capital Layoff Funding Plea
WH Smith rejected a request from Modella Capital. Modella Capital is the new owner of a former high street chain. They sought millions of pounds. These funds were for layoff costs. Sky News reported this development. ... — read more
Standard Chartered Plans 7,800 Back-Office Job Cuts
Standard Chartered Bank plans to cut approximately 7,800 back-office jobs. These reductions will affect over 15% of its back-office roles by 2030. CEO Bill Winters described this as replacing human capital with financial investment. This is part of a... — read more
Gambling.com Group Stock Halved Following Layoffs, Q1 Loss
Gambling.com Group's stock price plummeted sharply. Its shares fell by 53% in a single day. This decline followed an announced cost-cutting program. The company plans to restructure and lay off 25% of its staff. First-quarter results showed a $1.17... — read more
KPMG Cuts Over 500 UK Jobs
KPMG is laying off over 500 staff in its UK operations. The cuts primarily affect 440 assistant manager roles in the audit business. An additional 120 positions will be eliminated from the advisory arm. KPMG attributes these reductions to low... — read more
Oracle Layoffs Undermine 'Family' Workplace Expectations
Oracle's recent layoffs, affecting thousands, feel jarring despite the company's 22 percent revenue increase. This strong reaction is rooted in psychological dissonance, not the scale or timing of the cuts. Companies frequently use a "we are family"... — read more
Amazon Employees Report Role Eliminations
Speculation about Amazon layoffs is growing online. Multiple Reddit posts claim employees received role-elimination emails. These reports originate from various international regions. Amazon has not officially confirmed any new workforce reductions... — read more
Ticketmaster Reduces Workforce by 350 Positions Worldwide
Ticketmaster cut approximately 350 jobs globally. This reduction represents 8% of its total workforce. The layoffs primarily affected engineering, product, and design teams. The company cited stronger prioritization and restructuring efforts. ... — read more
A&O Shearman Reduces London Staff Roles
A&O Shearman is streamlining operations. The firm is cutting business services roles in its London office. Approximately 20 positions are impacted. These cuts primarily affect IT, finance, and marketing teams. This follows previous headcount... — read more
Build a Rocket Boy Lays Off 170 Staff
Build a Rocket Boy recently laid off an undisclosed number of employees. Reports indicate 170 staff were affected, leaving around 80 remaining. This marks the third round of layoffs for the developer in the past year. Previous cuts included the... — read more
Coinbase Reduces Workforce, Citing AI Efficiency Gains
Coinbase is reducing its workforce by 14%. CEO Brian Armstrong shared the news on X. He cited a need for greater company efficiency. Armstrong also noted AI's impact on changing work processes. Engineers now use AI to complete tasks in days that... — read more
Bloomsbury Publisher Streamlines Operations, Affects 55 Jobs
Bloomsbury, a UK-based publisher, announced a restructuring plan. The company intends to streamline its operations for future growth. About 55 positions will be eliminated in the US and UK. Bloomsbury will reorganize its three main editorial... — read more
Morrisons Announces 200 Job Cuts in AI-Driven Restructuring
Morrisons plans to cut approximately 200 roles at its Bradford head office. These reductions will affect positions across marketing, commercial, and technical teams. The layoffs are part of a multi-year transformation strategy. This initiative... — read more
BBC Announces Significant Job Reductions for Cost Savings
BBC will reduce its workforce by up to 2,000. This represents nearly 10% of its total workforce. The network seeks £500 million in financial savings. The savings plan spans the next two years. Entire channels or services may face potential... — read more
FP Markets Cuts Staff Amid Organizational Review
FP Markets has reduced its global workforce. Less than 7% of its employees were affected by the cuts. This action is part of a broader organizational review. The Australian-based broker previously employed over 300 staff. Other retail brokerage firms... — read more
Poundstretcher Seeks Rent Cuts, Avoids Job Losses
UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are... — read more
KPMG UK Plans Audit Workforce Reduction
KPMG UK intends to reduce its audit division workforce. Up to 440 employees are expected to be laid off. Nearly 600 staff members were warned about potential job losses. Low staff turnover and changing market conditions are cited as reasons. This... — read more
HSBC Considers 20,000 Job Cuts Amid AI Overhaul
HSBC Holdings Plc is reportedly considering significant job cuts. Up to 20,000 roles could be eliminated over several years. This reduction is part of an AI-led overhaul strategy. Non-client facing roles in global service are expected to be most... — read more
Bentley Motors Cuts Jobs Over China Slowdown, EV Demand
Bentley Motors will cut 275 office roles. This represents about 6% of its total workforce. Declining China sales and low EV demand are factors. US tariffs also contributed to this decision. The company aims to maintain competitiveness. ... — read more
LADbible layoffs
A dozen staffers are getting booted from the social video team in Manchester. Last year it was London, this year Manchester. I wonder who's next.
Morgan Stanley Axes 2,500 Staff Globally
Global bank Morgan Stanley announced significant job cuts. The cuts impact three percent of its global employees. The company cited changing business priorities and individual job performance. These reductions follow similar moves by other large... — read more
Universal Music Group Subsidiary Mercury Studios Reduces Staff
Universal Music Group's Mercury Studios laid off several staff. MD Kelly Sweeney and other senior staff exited the company. Mercury Studios is based in London. The studio produces music documentaries and live concert recordings. These layoffs reflect... — read more
Build A Rocket Boy Studio Cuts More Jobs
Build A Rocket Boy implemented further layoffs at the company. CEO Mark Gerhard described the decision as deeply painful. He also claimed overwhelming evidence of corporate espionage and sabotage. The studio previously launched the action-adventure... — read more
Barclays CEO Cuts Jobs, Shifts Bank Strategy
Barclays' new chief executive announced a fresh course for the British lender. He pledged to cut at least 3,700 jobs. The bank will also prune its investment banking division. This aims to rebuild its reputation and boost profitability. The CEO... — read more
British Retailers Cut Staff Due to High Costs
UK unemployment reached 5.2%, a five-year high. The retail sector lost 74,000 jobs year-on-year. Businesses attribute these job losses to higher labor costs. Increased National Insurance contributions and minimum wage hikes impacted hiring. Younger... — read more
BIG London Employees Protest Job Cuts
Employees at BIG's London office are protesting today. This action responds to proposed mass layoffs at the firm. A major project, employing half the London staff, was recently terminated. Up to 72 of 160 workers face redundancy as a result. The... — read more
UK Workers Sue TikTok Over Alleged Union Busting
Former TikTok content moderators in the UK are suing the company. They allege TikTok engaged in union busting tactics. Layoffs reportedly occurred just before a scheduled union vote. TikTok denies these claims, citing AI-driven restructuring for... — read more
Exertis confirms layoffs
The UK technology distributor has informed staff of plans that could reduce headcount from approximately 1,200 employees to around 130, subject to... — read more
UK publisher Outright Games confirms layoffs
Outright Games is making 27 employees redundant. The Chicken Run: Eggstraction and Teenage Mutant Ninja Turtles: Mutants Unleashed publisher said the decision will enable it to adapt to shifting market... — read more
Even more UK gaming industry layoffs
As confirmed by parent company Thunderful Group, Coatsink will be losing around half of its total workforce, equating to 50-60 roles, all because of "a more challenging co-development market" and as "the business is currently unable to support all... — read more
Splash Damage layoffs
Known for its work on Gears Tactics, DOOM 3, and Halo: The Master Chief Collection, Splash Damage will be making significant job cuts. Staff have been informed and have said so about this on... — read more
TikTok cutting hundreds of UK positions
An email sent to all UK staff in TikTok’s trust and safety department stated that moderation and quality assurance work might no longer be carried out at the London site, as first reported by the Financial... — read more
Supermassive Games layoffs
Until Dawn developer Supermassive Games set to lay off another 36 employees after a 'redundancy consultation process', delays Directive 8020 to... — read more
More temporary layoffs at Sunseeker
Sunseeker International has laid off around 100 employees due to persistent “operational issues”. Although the company has confirmed that this decision is temporary, with workers set to return by the end of the month, it has raised serious concerns... — read more
Sunseeker announces temporary staff layoffs following supply chain disruptions
British yacht builder Sunseeker International has announced temporary layoffs for a number of its employees, citing cash-flow challenges due to supply chain disruptions. The company, based in Poole, Dorset, informed affected staff of the decision... — read more
CNBC carried out layoffs in its international operation in London
https://talkingbiznews.com/media-news/cnbc-makes-small-number-of-international-layoffs/