Job creation and losses

Sky has announced around 1,000 job losses in the UK this year, while PayPal has said it will cut another 2,500 jobs globally.

The UK jobs market experienced its biggest monthly fall in vacancies in more than three years in December, as business...

Lloyds Banking Group has announced a major restructure as more customers bank online.

Microsoft has revealed 1,900 job losses in its gaming division - mainly roles at Activision Blizzard, which it acquired three months ago.

eBay has announced plans to cut 1,000 jobs and intends to reduce the use of contractors to cut costs.

The number of redundancies proposed by employers in Great Britain rose in 2023 as they battled weak demand and rising costs.

The largest steel producing plant in the UK is set to lose 3,000 jobs as it implements more modern steel-making methods.

Europe's largest local authority considers up to 600 redundancies to tackle it mounting debt, caused predominantly by its equal pay liability.

Citigroup will cut headcount by around 20,000 in the next two years, senior executives have said.

Barclays has cut around 5,000 jobs from its global workforce in an attempt to slash costs.

More than 200 jobs have been lost after housebuilder Stewart Milne Group went into administration.

Retail job lossses totalled almost 120,000 in 2023, according to the Centre for Retail Research.

Channel 4 is expected to announce up to 200 job losses – its biggest round of redundancies in 15 years – as it hopes to cut costs as advertising revenues fall.

In November 2023, overall UK job advertisements fell 2.72% compared with October, and are down 8.55% compared with last year.

Online marketplace Etsy is shedding 225 jobs, about 11% of its workforce, as part of a plan to bring down its costs.