Latest in UK employers cut jobs after Budget, official data shows
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UK employers cut jobs after Budget, official data shows
Drop in payrolled workforce comes even as wage growth acceleratesFinancial Times - 6h -
UK’s labour market tsar calls for crackdown on bogus self-employment
‘More urgency’ needed on workers’ rights and resourcing of new fair work agency, says Margaret BeelsFinancial Times - 1d -
Faster UK growth tied to boosting export services in South East, data shows
Labour to face tough choices as North-South wage gap persists, say analystsFinancial Times - 1d -
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 - 3d -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 3d -
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 - 4d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 5d -
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 - 5d -
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 - 5d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 5d -
Wall Street stocks waver after robust US data puts brake on rate cut bets
Treasury yields rise to highest level since late 2023Financial Times - Jan. 13 -
Gazprom considers record job cuts as Ukraine war ravages finances
Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on lineFinancial Times - Jan. 13 -
Kristin Crowley: LA fire chief publicly criticizing the city’s budget cuts
LA’s first female fire chief, in a public spat with the mayor, is a 25-year veteran who’s prioritized diversifying her team. Kristin Crowley was appointed Los Angeles fire chief in 2022 at a time ...The Guardian - Jan. 12 -
Los Angeles Fire Department budget sustained cuts but saw overall increase
Los Angeles Fire Department budget sustained cuts but saw an overall increase.ABC News - Jan. 11 -
U.S. Employers Add 256,000 Jobs in December
A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.The New York Times - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
Questions mount over budget cuts made ahead of L.A.-area wildfires
Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...CBS News - Jan. 10 -
December jobs report expected to show hiring slowdown
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...CBS News - Jan. 10 -
UK security officials monitor Elon Musk's posts
A Home Office team is tracking the reach and impact of posts by the tech mogul and others for security risks.BBC News - Jan. 10 -
Tech Employers: Please Get Smarter With Your Job Titles
Vague job descriptions and titles are making hiring even harder.Inc. - Jan. 10 -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - Jan. 10 -
L.A. fire chief on whether budget cuts impacted the fire response
Los Angeles Fire Chief Kristin Crowley spoke to "CBS Evening News" anchor and managing editor Norah O'Donnell about whether $17 million in budget cuts hindered the agency's wildfire response.CBS News - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - Jan. 8 -
UK school budgets eroded by spiralling special needs costs, report shows
SEN spending and higher wages leave headteachers facing ‘very tight’ accounts in 2025, says IFSFinancial Times - Jan. 8 -
Jim Cramer looks ahead to Friday's employment data: 'We’re at the mercy of macro numbers'
CNBC's Jim Cramer reviewed Tuesday's market-wide decline.CNBC - Jan. 7 -
UK officials recommend probe into Houchen’s Teesworks project
Regeneration scheme should be investigated over value-for-money concerns, deputy prime minister Angela Rayner toldFinancial Times - Jan. 7 -
Next warns of ‘anaemic’ growth after UK Budget tax increases
Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economyFinancial Times - Jan. 7 -
UK retail sales growth ‘minimal’ in final quarter of 2024, data shows
BRC survey suggests consumers stayed cautious during what is usually busiest time of yearFinancial Times - Jan. 7 -
Some January 6 rioters had prior criminal records, data shows
At least 159 of the Jan. 6, 2021, convicts who have been sentenced have prior criminal records, according to a CBS News investigation. Steve Reilly breaks down the data.CBS News - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
UK businesses plan price increases as Budget drives up costs
Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of CommerceFinancial Times - Jan. 5 -
Budget gyms aim to bulk up in smaller UK centres
PureGym and The Gym Group say plenty of opportunities remain as cost-conscious consumers try to keep fitFinancial Times - Jan. 3 -
Problems with UK economy data could be widespread, warns lawmaker
Meg Hillier highlights damaging consequences of under-investment in key forecasting systemsFinancial Times - Jan. 2 -
Small-boat crossing arrivals to UK rose 25% in 2024, data shows
Home Office figures will add to pressure on Keir Starmer to curb irregular migration via English ChannelFinancial Times - Jan. 1
