British American Tobacco is undertaking a major workforce restructuring. Approximately 5,500 positions will be eliminated, and 3,500 roles moved to third-party providers. The company aims to reduce costs and improve profitability through AI and... — read more 

https://news.chemnet.com/news-6758.html

The team behind the game Luna Abyss has been made redundant. Publisher Kwalee parted ways with its subsidiary, Kwalee Labs. Kwalee Labs developed Luna Abyss as its only game. The cosmic horror title launched just weeks ago. Luna Abyss received... — read more 

Diageo is preparing for major staff reductions. The company's CEO ordered executives to cut headcount. This follows a sharp slump in global spirits consumption. "Non-revenue-generating" teams will reportedly be most affected. An internal announcement... — read more 

The BBC is preparing to cut approximately 2,000 jobs. This action represents about 10% of its total workforce costs. The broadcaster aims to reduce overall spending by £500 million over the next two years. Its news division is expected to face major... — read more 

https://unitewithpriti.co.uk/news/what-the-standard-chartered-layoffs-2026-tell-us-about-where-banking-is-actually-heading/

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 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 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 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 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 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'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 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'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 

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 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 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 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 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, 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 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 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 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 

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 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 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 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 

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.

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'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 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' 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 

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 

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 

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 

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 

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 

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 

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