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Business

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.

Business

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

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

Tech News

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

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

Work

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.

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Work

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.

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

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

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.

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.

Tech News

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

The latest news from Elon Musk's Twitter takeover.

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.

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.

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.

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.

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.

France

Air France cuts 7,500 jobs and sparks criticism of €7bn state bailout

France's flagship airline has announced it will be cutting 7,500 jobs due to the coronavirus crisis.

World News

Bentley and Bombardier announce thousands of job cuts

Both cited the coronavirus crisis as a factor and it comes hot on the heels of other grim news regarding the economy.

World News

Ryanair to cut up to 3,000 jobs and close bases in Europe

Michael O'Leary, Chief Executive Officer of Ryanair, said he regretted the cuts and singled out "manifestly unfair" rules put in place by the French government on airport taxes.

World

Brexit: May responds to Labour, parliament debate and job losses

In today's Brexit Brief, British Prime Minister Theresa May responds to the Labour party, MPs gear up for a Brexit debate on Thursday and Germany experiences job losses.