Business
Xbox cuts 3,200 jobs as gaming business struggles
Xbox is hitting the reset button. Microsoft’s video game division plans to eliminate 3,200 jobs, or around 20% of its staff over the next…
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Jobs
Business
Another tech company says it will cut hundreds of jobs amid pivot to AI
Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon…
Culture
Why 'House of David' director thinks AI can save Hollywood jobs
In 1926, director Cecil B. DeMille hired hundreds of workers to build a set of Jerusalem inside the DeMille Studios in Culver City for the…
News
Hundreds of applications, no jobs and AI replacements: California's brutal tech work landscape
Laid-off tech worker Joseph Tinner has spent almost a year hunting for a job. It has been a depressing crash course on the sea change in…
Business
Block to cut more than 4,000 jobs amid AI disruption of the workplace
Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence…
Business
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday (Feb 18), hurt by weak…
Business
Analysis: German industry cut 124,000 jobs in 2025
Germany's industrial sector cut around 124,000 jobs in 2025 as the economy struggles, according to an analysis by consulting firm EY seen…
Business
Video: The Hidden Number Driving U.S. Job Growth
new video loaded: The Hidden Number Driving U.S. Job Growth After a year of just 181,000 new jobs, January’s 131,000 increase in the U.S.…
Business
Asian stocks at record high, US jobs data buoys yields, dollar
Inflation data is due on Friday and will be the next test for market views on interest rate cuts Asian stocks rose to a record high on…
Business
Gold, silver dip as dollar rises after strong US jobs data
Gold and silver fell on Thursday (Feb 12) as the US dollar firmed after stronger-than-expected January jobs data dented expectation for…
Business
US stocks: Wall Street muted after strong jobs data nibbles at Fed rate cut bets
S&P 500 closed virtually unchanged on Wednesday as a stronger-than-expected employment report eased worries about the economy but also…
Business
Wall St gains after stronger-than-expected jobs report
Wall Street’s main indexes opened higher on Wednesday (Feb 11) following a stronger-than-expected jobs data that pointed to a resilient US…
Unsorted
Jobs help for Ricoh staff if redundancies made
A council is offering help to employees of a Telford firm if any are made redundant through a production move abroad. Ricoh UK Products…
Business
Winklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party The crypto exchange…
Business
Maersk’s 2026 earnings drop with gradual opening of Red Sea, cuts jobs
It expects its underlying Ebitda to be between US$4.5 billion and US$7 billion this year, down from US$9.6 billion in 2025 Danish shipping…
Business
Boeing to cut around 300 defence division supply chain jobs
The workforce reduction comes at a time when companies are paring jobs and closely monitoring headcount Boeing is eliminating about 300…
Business
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Results are due from about one-quarter of S&P 500 companies including Alphabet, Amazon, Lilly Another huge batch of corporate earnings…
Business
Peloton cuts 11% of jobs, with engineering teams getting hit
The fitness technology company joins a slew of other tech companies that have recently slashed their workforces Peloton Interactive, the…
Business
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
Amazon said on Wednesday (Jan 28) it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three…
Business
UPS to cut another 30,000 jobs as it doubles down on turnaround
United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions…
Business
Micron invests US$24 billion to expand Singapore manufacturing complex; 1,600 jobs to be created
This brings the company’s total investments in Singapore to around US$60 billion Semiconductor giant Micron Technology broke ground on…
Business
AI is changing banking jobs, forcing a rethink of skills: UOB’s innovation head
Lenders must ensure employees can adapt to technology in a ‘comfortable’ way, Lee Zhu Kuang says Lee Zhu Kuang describes himself as a…
Business
Nike slashes 775 jobs in US to speed up automation, boost profit
is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and…
Business
Ubisoft set to cut up to 200 jobs headquarters in restructuring
Ubisoft Entertainment has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganisation of the…