#job-losses
#job-losses

UK news

It's industrial vandalism': Inside the steel town facing its biggest ever challenge

The closure of Tata's steelworks plant in Port Talbot is causing shock and anger among the local community.

The plant closure will result in the loss of 2,800 jobs, adding to the high unemployment rates already present in the area. [ more ]

moreunemployment-rate

store-closures

www.independent.co.uk

London

The full list of Body Shop stores closing across the country

Body Shop closing 75 more shops, 489 job losses

Administrators aim to preserve brand through heavy restructuring. [ more ]

www.hamhigh.co.uk

London

One north London Body Shop to close within six weeks

116 UK Body Shop stores to remain open, 75 to close with 489 jobs lost

The Body Shop hired administrators due to financial challenges and difficult trading environment [ more ]

London Business News | Londonlovesbusiness.com

Business intelligence

Body Shop to close dozens more stores with hundreds more jobs lost

The Body Shop plans to close 75 stores in the next six weeks, resulting in the loss of 489 jobs.

Administrators are focusing on restructuring to stabilize the business and ensure a long-term sustainable future for the iconic brand. [ more ]

www.cbc.ca

Canada news

Is The Body Shop closing? Fears for future as parent company reportedly appoints administrators | CBC News

The Body Shop, known for its distinct scents, is reportedly appointing administrators after being acquired by private equity firm Aurelius Investment.

The move to appoint administrators is typical when a private equity firm needs to make a profit and cut losses in a short period of time. [ more ]

morestore-closures

www.theguardian.com

EU data protection

The Body Shop's German arm falls into administration

The Body Shop's European businesses are shutting down, with German stores in administration and Belgian staff at risk of losing their jobs.

Most of the European operations were sold to an undisclosed buyer, later revealed to be Alma24, a company controlled by an executive with close links to Aurelius. [ more ]

tata-steel

www.theguardian.com

UK politics

Port Talbot steelworks: blast furnaces to close, costing up to 2,800 jobs

The Port Talbot steelworks in Wales will shut down its blast furnaces, resulting in the loss of up to 2,800 jobs and significant impact on the community.

Tata Steel, the parent company, deemed the trade union's proposals to continue production at the plant unfeasible and unaffordable during the transition to greener steelmaking operations. [ more ]

www.independent.co.uk

UK news

MP's anger at Tata Steel closure: UK only G20 country that can't make primary steel

Stephen Kinnock urges Tata Steel to reconsider closing blast furnaces in South Wales, warning of potential job losses.

Closure of blast furnaces would leave UK as only G20 country unable to produce virgin primary steel. [ more ]

www.independent.co.uk

4 months ago

UK news

More than 3,000 jobs at risk as Tata Steel to shut down Port Talbot blast furnaces'

Tata Steel plans to close blast furnaces in Port Talbot, potentially resulting in the loss of over 3,000 jobs.

There have been concerns about job losses as Tata looks to transition to greener steelmaking processes to reduce emissions and financial losses. [ more ]

moretata-steel

TechCrunch

1 week ago

Tech industry

A comprehensive list of 2024 tech layoffs | TechCrunch

The tech industry experiences significant layoffs in 2024, impacting both large corporations and small startups. [ more ]

www.mercurynews.com

4 days ago

Tech industry

Tech job cuts ease a bit in Bay Area as industry layoffs haunt region

Tech industry in the Bay Area is stabilizing after years of layoffs, with job losses less severe recently. [ more ]

www.nytimes.com

1 day ago

Business

Biden's China Tariffs Are the End of an Era for Cheap Chinese Goods

Voters' discontent with job losses from outsourced manufacturing led to Presidents implementing tariffs on Chinese goods to revive American factories, shifting away from low-cost products. [ more ]

ABC7 San Francisco

1 year ago

Business

Layoff tracker: Mass layoffs by tech companies big and small hit the Bay Area

Hundreds of tech jobs are being cut in the Bay Area, with companies like Ebay, Google, Cruise, Broadcom, Roku, and Bloom Energy announcing layoffs.

Ebay is cutting 9% of its workforce, Google is cutting around half a percent of its workforce, Cruise is laying off 900 employees, Broadcom is laying off 2,837 employees, Roku is cutting an additional 136 jobs, and Bloom Energy is cutting 47 permanent roles and 50 contractors. [ more ]

www.housingwire.com

2 days ago

Data science

Higher rates are impacting future housing production

Higher mortgage rates are impacting permit data, mirroring COVID-19 recession lows, leading to concerns about job losses in the construction sector. [ more ]

www.theguardian.com

3 days ago

Video games

Pushing Buttons: Big studios are making big cuts but indie gems like Animal Well are still out there

It's a challenging time for game developers with job losses due to cost-cutting, but there are also positive breakout successes in the industry. [ more ]

WGB

Video games

1900 people to be laid off across Xbox, Zenimax and Activision Blizzard

Layoffs in the gaming industry are already on the rise in 2024, with over 5,600 job losses recorded in just the first month.

Microsoft plans to cut 1,900 roles across its gaming divisions as part of a strategy to align with a sustainable cost structure. [ more ]

ComputerWeekly.com

3 weeks ago

SAP earnings rise, but no support extension | Computer Weekly

SAP reported €7bn revenue, 8% increase; focusing on AI growth, not extending ECC support; undergoing restructuring with 8,000 job losses. [ more ]

Futurism

Global Elites Suddenly Starting to Fear AI

Billionaires and leaders at the World Economic Forum have become concerned about the risks of AI.

There are fears about job losses, disinformation, and the need for human control over AI. [ more ]

Futurism

4 months ago

25 Percent of CEOs Plan to Replace Human Workers With AI This Year

AI is predicted to lead to job losses in the near future, with a quarter of CEOs planning to cut headcounts due to generative AI.

The rise of AI is expected to affect nearly 40% of jobs globally and worsen overall inequality. [ more ]

Bloomberg.com

5 months ago

Video Game Soundtracks Up Next for AI Disruption, Experts Say

AI is expected to disrupt the production music libraries in the video game industry.

Experts predict that some jobs will be lost to AI in this field. [ more ]

www.theguardian.com

1 month ago

Media industry

Blow to New Zealand media as two main news outlets announce programme closures and job cuts

Multiple news outlets in New Zealand announced closures and job losses, leaving only one state-owned news television service.

Closure of Newshub and programme axing by TVNZ led to around 368 job losses comprising senior journalists, impacting media diversity. [ more ]

www.theguardian.com

1 month ago

Media industry

The final act': fears US journalism crisis could destabilize 2024 election

The US news media is facing a crisis with job losses, declining circulations, and rise of fake information on social media.

Readers are turning to platforms like TikTok for news, which poses new challenges like viral misinformation. [ more ]

www.mercurynews.com

SF music

Bay Area job market suffered mini-recession' in 2023: new stats

Job market in Bay Area suffered job losses throughout 2023 before mounting a hiring rebound.

Bay Area economy experienced a 'mini-recession' in 2023 with a significant revision in job numbers. [ more ]

Newgeography

Remote teams

The Remote Work Revolution

Remote work revolution led to significant decrease in car commuting.

Job losses in urban areas like New York and San Francisco due to remote work. [ more ]

Forbes

Career

5 Effective Marketing Tips For Professionals Who Just Got Laid Off

Planned job cuts increased by 15% since February 2023, reaching 89,703.

Job losses in 2023 have increased by 396% compared to the same time last year. [ more ]

www.cbc.ca