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Now playing Next Economy Jobs at risk as eurozone construction sector continues to struggle Construction firms are looking to cut costs in the face of inflationary pressures and a prolonged fall in demand. 06/12/2023
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Now playing Next Tech News LinkedIn cuts more than 600 workers, about 3% of workforce Several technology companies have cut jobs this year amid economic uncertainty. 17/10/2023
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Now playing Next Tech News Twitter lays off more staff, including ‘hardcore’ Elon Musk loyalists Elon Musk has slashed Twitter’s workforce by nearly three-quarters since he took over the social media platform last year. 27/02/2023
Now playing Next Tech News Google cuts 12,000 jobs as tech industry layoffs intensify The news comes days after rival Microsoft said it would lay off 10,000 workers. 20/01/2023
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Now playing Next Travel News Summer travel at risk as Europe's airports face mass staff shortages Labour shortages and strikes have already caused disruption in London, Amsterdam, Paris, Rome and Frankfurt this spring. 22/06/2022
Now playing Next Tech News UK chipmaker Arm to axe up to 15% of staff after Nvidia deal collapse The UK chipmaker is set to cut hundreds of jobs after its $40bn (€36 billion) sale to US chipmaker Nvidia was called off last month. 15/03/2022
Now playing Next Finland Nokia to cut 10,000 jobs to ramp up on 5G aspirations The 10 per cent reduction in its workforce aims to reduce costs by €600 million by 2023. The company did not specify in which countries job cuts would be carried out. 16/03/2021
Now playing Next United Kingdom Virgin Atlantic flies in face of downturn with €1.3bn rescue deal It involves £170m (€186m) of new investment and both Virgin Group and other creditors deferring millions of euros of money owed. 14/07/2020
Now playing Next United Kingdom UK retailers Boots and John Lewis announce up to 5,300 job cuts Boots will close 48 opticians and cut 4,000 jobs while John Lewis will close eight stores affecting 1,300 jobs due to fallout from the coronavirus pandemic. 09/07/2020