Sainsbury’s to cut 3,000 jobs as rising costs hit business

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  Sainsbury's to cut 3,000 jobs and shut cafés and pizza counters

  The changes are part of a cost-cutting plan, but recent tax rises for businesses have also been a factor.
  
  BBC News - 1h
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  Starbucks Expecting Job Cuts by March

  Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
  
  The Wall Street Journal - 5d
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  Citigroup Slashes Jobs as Cost-Cutting Continues

  Targets include senior managers in the banking giant’s wealth, technology and data analysis units.
  
  Inc. - 5d

• Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

  Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.
  
  CNBC - 6d
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  BP axes 4,700 jobs in cost-cutting drive

  UK energy major under pressure from shareholders to turn around its performance
  
  Financial Times - Jan. 16
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  BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

  Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...
  
  The Guardian - Jan. 16
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  BP to cut 4,700 jobs to reduce costs

  The job losses at the oil giant will affect more than 5% of its global workforce.
  
  BBC News - Jan. 16

• Oil major BP to cut thousands of jobs in cost-saving drive

  British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.
  
  CNBC - Jan. 16
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  Lloyds to cut 500 jobs and close two offices

  UK bank to review more than 1,500 jobs across multiple departments
  
  Financial Times - Jan. 15

More from Financial Times

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  UK competition regulator to cut staff after ‘budgeting error’

  Voluntary exit scheme comes as CMA reels from government’s ousting of its chair
  
  Financial Times - 1h
• 

  Apple and Google investigated by UK regulator over mobile platforms

  CMA probe comes days after its chair was forced out by government in drive for economic growth
  
  Financial Times - 5h
• 

  Donald Trump calls on Opec to push down global oil prices

  US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwards
  
  Financial Times - 23m
• 

  Murdoch’s money protects him even from princes

  The media tycoon is happy to spend to contain a scandal — including in his legal battle with a British royal
  
  Financial Times - 4h
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  Davos hits ‘peak pessimism’ on Europe as US exuberance rises

  Christine Lagarde warns of ‘existential crisis’ for continent while Donald Trump puts America first
  
  Financial Times - 11h

More in Business

• Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC to bring the price down

  CNBC - 9m

• President Donald Trump says he'll 'demand that interest rates drop immediately'

  The comments represented an initial strike at Fed officials, with whom Trump had a highly contentious relationship during his first term in office.
  
  CNBC - 10m

• Scale AI CEO says China has quickly caught the U.S. with the DeepSeek open-source model

  Alexandr Wang, CEO of Scale AI, said Thursday that the AI race between the U.S. and China is an "AI war."
  
  CNBC - 14m

• ‘I paid for everything from day one’: My husband barely worked during our marriage. Can I leave my $500,000 IRA to my son?

  ‘I do not want my husband to be able to come back to my son and claim the money’
  
  MarketWatch - 15m

• My RMDs will be $100,000 or more. What can I do now to lower my taxable income — before it’s too late?

  “My 2023 federal adjusted income was about $87,000, which is mainly Social Security.”
  
  MarketWatch - 17m