job cuts

// 1200 jobs could be at risk as Asda moves away from an in-store scratch bakery model // Staff who could be potentially affected are set to enter formal consultations // The supermarket chain hopes to redeploy staff to...

Spanish bank CaixaBank may cut between 7,000 and 8,000 jobs after merging with smaller rival Bankia. Cinco Dias newspaper reported the development on 25 March, citing unidentified sources. The bank will start...

Santander has announced the closure of 111 branches across the UK, affecting around 840 staff. Santander says branch transactions have fallen 50% The bank says its decision comes as part of a long-term strategy, which...

// Decision to close the John Lewis store in Sheffield described as a “hammer blow” for the city // Sheffield City Council is in the middle of a £480m regeneration project, of which the John Lewis site is a part //...

Back in 2019, Activision Blizzard underwent a round of lay-offs, losing hundreds of staff members. This year, the company has another round of job cuts on the way, this time focusing on the esports division, which has...

Enlarge / A T-Mobile logo at a store in New York on April 30, 2018. (credit: Getty Images | Bloomberg) T-Mobile has cut at least 5,000 jobs since completing its acquisition of Sprint despite promising that the merged...

Now that Uber owns Postmates, it’s apparently ready to cut workers it believes are superfluous. Uber has confirmed to the New York Times that it’s laying off about 185 people at Postmates, or about 15 percent of the...

Despite banks’ top executives insisting that COVID-19 is “not a crisis in banking or a financial crisis”, a number of fintechs have still been tested – some to the brink of collapse. Alternative lenders...

This year has not been good on the bottom line of financial services firms. Unfortunately, when cost-cutting exercises are put into place it’s often employees who feel the brunt of these changes. Banks have unveiled...

Boxes of Coca-Cola are seen at a grocery store in Los Angeles Lucy Nicholson/Reuters Coca-Cola announced plans on Thursday to lay off 2,200 works globally, with more than half of the job losses in the US. This is...

Koichiro Miyahara, the head of the Tokyo Stock Exchange (TSE), has stepped down over a systems failure which saw the exchange down for an entire day. TSE operator Japan Exchange Group blamed the outage on faulty...

Dutch lender ABN Amro plans to cut 2,800 jobs over the next four years, as it trims down its investment bank and rolls back international locations. ABN Amro wants to save €700 million by 2024 The bank says it is...

Danske Bank has announced the termination of 257 jobs across its organisation, part of an ongoing cost-cutting plan. Danske says its major transformation requires significant cost changes On top of the 257 jobs cut, 261...

Andrei Stanescu/Getty Images Tech giant IBM plans to cut around 1 in 5 jobs across Europe, sources close to the matter told Bloomberg on Wednesday. About 10,000 jobs face the axe, they said. The UK and Germany will...

Lloyds Banking Group has said it is eliminating 1,040 back office positions. This brings the total jobs cut by the bank in 2020 to 1,900. Lloyds has announced 1,900 cuts this year The roles lost are grouped around the...

Danny Lawson/PA Images via Getty Images British grocer Sainsbury's announced Thursday that it is cutting up to 3,500 jobs and closing around 420 standalone Argos stores. The Argos closures account for most of the...