job loss

Office workers.

Now playing Next

McKinsey to cut hundreds of jobs as consultancy demand weakens

TOP TAGS

EUROPEAN UNION EU POLICY PORTUGAL UKRAINE WAR EUROPEAN PARLIAMENT FRANCE SPAIN CINEMA

More about this topic

Apps and logos for Google, Discord and eBay

Now playing Next

What’s behind the latest wave of tech worker layoffs?

Multiple tech companies have announced layoffs this month, prompting worker outrage and frustration, but should tech expect the same number of cuts as last year?

25/01/2024

The steelworks in Port Talbot, south Wales.

Now playing Next

Almost 3,000 jobs to be cut as UK’s largest steelworks goes green

Indian-owned firm Tata Steel plans to close both of its blast coal powered furnaces in south Wales to focus on more eco-friendly production.

19/01/2024

People reflected in a window of a hotel at the Davos Promenade with a slogan about AI alongside the World Economic Forum in Davos, Switzerland, Monday, January 15, 2024.

Now playing Next

CEOs fear companies won't last 10 years in the face of AI, study finds

More CEOs fear their companies won't survive 10 years as pressures from challenges like AI grow, a new survey found.

16/01/2024

Singapore Google office

Now playing Next

Google has laid off hundreds of staff. What now for the tech market?

Tech giants have been increasingly laying off their employees, reaching a peak in January of last year. With Google now announcing hundreds of job cuts, what is the tech market outlook for 2024?

12/01/2024

ADVERTISEMENT

Construction cranes in Hamburg, Germany. March 18, 2022.

Now playing Next

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

Now playing Next

Telefónica to cut 5,100 jobs in Spain by 2026

The company told the unions about the plan as it attempts to curb spending.

04/12/2023

A view of the Nokia headquarters in Espoo, Finland, Thursday, Oct. 19, 2023.

Now playing Next

Nokia axes up to 14,000 jobs in telecoms slowdown

Finnish company Nokia is letting go of at least 10% of its staff, following disappointing third quarter results. The telecoms sector is experiencing decreased activity globally, resulting in thousands of job cuts.

19/10/2023

Now playing Next

Rolls-Royce to cut up to 2,500 jobs worldwide

Rolls-Royce said it is building a company "fit for the future".

17/10/2023

FILE - A sculpture on a terrace outside the offices of LinkedIn is shown on September 22, 2016, in San Francisco, California in the US.

Now playing Next

LinkedIn cuts more than 600 workers, about 3% of workforce

Several technology companies have cut jobs this year amid economic uncertainty.

17/10/2023

AI revolution: More than a quarter of jobs at high risk, says OECD

Now playing Next

27% of jobs highly vulnerable in AI revolution, OECD says

The OECD has recently announced that 27 per cent of jobs in major countries rely on skills that could be easily automated amid the AI revolution.

13/07/2023

Generative AI is expected to put nearly 80% of women’s jobs at risk

Now playing Next

Nearly 80% of women's jobs are under threat from generative AI

According to new research, a disproportionate number of jobs held by women are at risk of automation due to the emergence of generative AI.

29/06/2023

"Rage applying" is used to describe angrily applying for new jobs when you're frustrated with your current one.

Now playing Next

Affiliate content

Rage applying for jobs doesn’t work. Here’s why

PARTNER CONTENT PRESENTED BY JOBBIO

Does your current job make you want to scream? We explain why you shouldn’t be brash when applying to new opportunities.

06/04/2023

A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022.

Now playing Next

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

A person walks by the Google booth at the Las Vegas Convention Center before the start of the CES tech show, Monday, Jan. 2, 2023, in Las Vegas., USA.

Now playing Next

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

Twitter offices in San Francisco

Now playing Next

Musk to fire ‘half of Twitter staff’ and end working from home

The latest news from Elon Musk's Twitter takeover.

03/11/2022

Summer travel plans could be at risk as Europe's airports struggle with staff shortages.

Now playing Next

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

Arm chips are found in many consumer electronic devices, including iPhones.

Now playing Next

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

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

Virgin Atlantic Airline planes at the Manchester Airport in north-west England, on June 8, 2020

Now playing Next

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

FILE - In this Oct. 5, 2005 file photo, people walk past a Boots pharmacy in central London.

Now playing Next

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