eBay has announced plans to cut 1,000 jobs and intends to reduce the use of contractors to cut costs.
Job creation and losses
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The number of redundancies proposed by employers in Great Britain rose in 2023 as they battled weak demand and rising costs.
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The largest steel producing plant in the UK is set to lose 3,000 jobs as it implements more modern steel-making methods.
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Europe's largest local authority considers up to 600 redundancies to tackle it mounting debt, caused predominantly by its equal pay liability.
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Citigroup will cut headcount by around 20,000 in the next two years, senior executives have said.
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Barclays has cut around 5,000 jobs from its global workforce in an attempt to slash costs.
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More than 200 jobs have been lost after housebuilder Stewart Milne Group went into administration.
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Retail job lossses totalled almost 120,000 in 2023, according to the Centre for Retail Research.
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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.
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In November 2023, overall UK job advertisements fell 2.72% compared with October, and are down 8.55% compared with last year.
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Online marketplace Etsy is shedding 225 jobs, about 11% of its workforce, as part of a plan to bring down its costs.
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Games and toy maker Hasbro announces 1,100 job cuts globally in addition to a cut of 800 roles earlier this year.
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Nationwide is to undergo a restructure that will put 470 jobs at risk of redundancy.
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UK's economic prospects were not helped by the government's 'pro-election rather than pro-economy decision on immigration' says REC.
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Spotify's CEO has announced plans to cut one in six jobs to ensure it is 'right-sized' for future challenges.