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

CNN Cuts Jobs and Shuffles TV Lineup as It Enters New Trump Era

Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work force.

The New York Times - 5h

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 - 5h

These federal jobs are most at risk of being cut by Trump’s executive orders

Workers in DEI roles, new hires, and IRS employees are at risk as Trump culls the federal workforce.

MarketWatch - 1d

Elon Musk's DOGE has a new cost-cutting target: the U.S. penny

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

CBS News - 1d

Stripe cuts 300 jobs in product, engineering and operations

Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

CNBC - 2d

UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates

Financial Times - 2d

Musk Is Likely to Get a West Wing Office for His Cost-Cutting Project

The world’s richest man had been expected to be situated in the Eisenhower Executive Office Building, but a West Wing office would give him closer access to President Trump.

The New York Times - 3d

Peers blame rising cost of UK health benefits on welfare system flaws

Lords economic affairs committee calls for urgent action to prevent spiralling costs

Financial Times - 3d

Commerzbank explores thousands of job cuts in answer to Andrea Orcel

German lender under pressure to cut costs and boost returns after approach from UniCredit

Financial Times - 5d

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 - 6d

Citigroup Slashes Jobs as Cost-Cutting Continues

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

Inc. - 6d

Two Watchdogs Were Rebuffed From Joining Trump’s Cost-Cutting Effort

“We have no room in our administration for Democrats,” a transition spokeswoman replied after good-government activists tried to join the president-elect’s new efficiency department.

The New York Times - 6d

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 - Jan. 16

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

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

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

TSMC cuts profitability target as cost of diversifying supply chains bites

World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand

Financial Times - Jan. 16

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

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 line

Financial Times - Jan. 13

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - Jan. 13

UK companies plan to invest in AI instead of hiring staff as costs rise

A new poll says 51 per cent of business leaders aim to redirect investment this year

Financial Times - Jan. 13

Strong Job Market Could Prove Costly for Homebuyers and Businesses. Here’s Why

The job market has shown resilience with unemployment falling to 4.1 percent last month.

Inc. - 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

UK government borrowing costs rise towards 16-year high

Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rules

Financial Times - Jan. 10

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

Pound falls to lowest in over a year after UK borrowing costs rise

Economists have warned the rise could mean further tax hikes or spending cuts by the government.

BBC News - Jan. 9

UK borrowing costs rising - what does it mean for me?

Government borrowing costs have hit their highest level for several years - what does it mean for you?

BBC 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

Tesco and M&S warn of rising costs but pledge to minimise price increases

Shares in retailers fall despite positive Christmas trading

Financial Times - Jan. 9

UK 10-year borrowing costs hit highest level since 2008

Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules

Financial Times - Jan. 8

Job Openings Rise Unexpectedly to 8.1 Million in Resilient Labor Market

Ahead of hiring numbers due out Friday, the Labor Department said the November jump in job openings, up from 7.8 million the month before, shows companies still need workers.

Inc. - Jan. 8

Tips for cutting down winter heating costs and electricity bills

From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...

NBC News - Jan. 8

Heads say they face tough choices on school spending as costs rise

A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.

BBC News - Jan. 8

‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.

The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.

MarketWatch - Jan. 7