Job cuts

AI is boosting UK productivity and harming jobs, says Bank of England

Bank of England governor Andrew Bailey said that AI has the potential to break the economy out of its prolonged period of weak growth.

Britain in longest job slump since financial crisis, PMI shows

While the pace of job losses eased slightly in July, the length of the downturn in the services sector now matches that seen during the 2008-09 financial crash.

FalconX cuts 10% of jobs amid crypto slump, including half of Singapore staff: Sources

FalconX is the latest crypto company to trim its workforce, following Crypto.com, Coinbase Global and Gemini Space Station, as the industry faces a prolonged bear market.

Oil giant BP to cut 700 jobs globally as it simplifies company, internal e-mail shows

Thousands of Audi workers protest over threatened plant closure

Workers gather to protest at Audi's car plant, one of the facilities threatened with possible closure as part of restructuring plans by parent company Volkswagen in Neckarsulm, Germany, July 29, 2026.

If you think your profession is dying, it could soon be gone

Porsche to shed 5,000 jobs by 2035 under German factory pact

The agreement underscores the mounting pressure across Porsche parent Volkswagen.

Uber cuts 10% of customer service jobs, citing ‘embrace’ of AI

This marks the first time Uber has tied layoffs to AI efficiency pushes and is the second round of reductions in less than two months.

A once wary Hollywood slowly warms to artificial intelligence

Netflix acquired a start-up co-founded by actor Ben Affleck as it pivots towards the use of AI in its productions.

GovTech restructuring signals shift towards technical, outcome-driven roles: Experts

GovTech has retrenched 93 staff and expects a total of 7 per cent to 9 per cent of roles in its workforce to be affected by restructuring over the next two years.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.