Fintech boss defends sacking entire HR department for ‘creating problems that didn’t exist’ Tech US fintech Bolt has become the latest company to openly link job cuts and restructuring to AI, after chief executive Ryan Breslow defended scrapping the firm’s HR department during a recent round of layoffs. Speaking at a Fortune event Breslow said Bolt’s HR function had become counterproductive as the company attempted to streamline operations. “We [...]
KPMG faces staff uproar as job cuts expose communication breakdown Big Four Big Four audit firm KPMG is facing something of an internal comms meltdown, CityAM understands, amid complaints of a lack of communication during a ‘mismanaged’ redundancy round. In late March, it was reported that KPMG UK was set to axe more than 500 staff in the latest redundancy round at the Big Four giant. [...]
Meta to cut 8,000 jobs as AI spending soars Tech Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
BBC to cut 2,000 jobs ahead of Matt Brittin takeover April 15, 2026 The BBC is set to cut up to 2,000 jobs in its largest round of redundancies in 15 years, as the broadcaster accelerates cost-cutting plans ahead of a leadership change next month. Staff were briefed on the proposals at a company-wide meeting on Wednesday, with the cuts expected to affect roughly 10 per cent of [...]
Oracle chops headcount as AI reshapes Big Tech workforce April 1, 2026 Oracle has begun a new round of global job cuts, as the software giant ramps up spending on AI infrastructure and follows a broader wave of layoffs across Big Tech. Employees across multiple divisions, including cloud, health, sales and Netsuite, were informed on Tuesday that their roles had been eliminated with immediate effect. In a [...]
Block slashes 4,000 jobs in latest AI warning February 27, 2026 Payments giant Block will slash nearly half its workforce, cutting more than 4,000 roles as it pivots towards a business model built around AI and leaner teams. In a message to staff, the company confirmed it will reduce headcount from more than 10,000 employees to just under 6,000, with affected workers either leaving immediately or [...]
Financial Times lays off staff as chief executive warns of ‘need for change’ February 26, 2026 The Financial Times has completed a round of layoffs, CityAM understands, as the London newspaper’s new chief executive told staff of “the need for change” as part of an internal restructuring. Around a dozen roles across the paper’s Product and Tech department have been axed following a consultation process, according to internal communications seen [...]
Amazon plans new round of job cuts as IMF chief warns of AI ‘tsunami’ January 23, 2026 Amazon prepares a new round of job cuts amid growing use of automation across corporate roles, following a round of redundancies just months ago. The move comes as the head of the International Monetary Fund warned that AI is set to hit the global labour market like a “tsunami”. Speaking at the World Economic Forum [...]
Euan Blair edtech Multiverse laid off dozens more staff after losses widened January 5, 2026 An edtech firm founded by Tony Blair’s son Euan laid off dozens more staff after reporting widening losses, its latest accounts show. Multiverse, which was launched in 2016 and hit a valuation of £1.2bn in a 2022 funding round, said it made 55 payments for loss of office in the year to the end of [...]
Clifford Chance AI-driven redundancies hit London business service roles November 21, 2025 Law firm Clifford Chance is preparing for dozens of redundancies after launching a restructuring of its London business services team. Around 10 per cent of the 550 employees are set to lose their jobs, according to the Financial Times. It was reported that the magic circle firm told staff last month that greater use of [...]