Service sector sees longest run of job losses in 16 years Economics A new survey suggests that the UK service sector has endured its longest sustained period of job losses in 16 years, despite rising business activity at the start of the year. Employment in the service sector has decreased in each month since October 2024, according to S&P’s purchasing managers’ index (PMI), with the pace of [...]
‘It probably could do my job’: New ChatGPT model catches up with junior bank analysts Tech OpenAI introduced a new ChatGPT model on Thursday, which they claim is the first to outperform human experts. The software, GPT-5.2, is specifically designed for professional use and was tested using tasks which would typically be assigned to a junior analyst at an investment bank. These included putting together a three-statement model for a Fortune [...]
Royal London: AI set to take key roles in asset management AI is poised to take on some of the traditional roles in asset management, and the sector can no longer ignore it. Royal London Asset Management’s chief data officer, Rob Middleton said firms need to stop skirting the conversation and accept that the shift is already reshaping how teams work. “We have to attempt to [...]
Amazon to cut 10 per cent of workforce amid AI pivot October 28, 2025 Amazon is preparing to axe as many as 30,000 corporate jobs worldwide this week, in what could mark its largest round of layoffs since 2022. The Seattle-based technology giant plans to begin cuts as soon as Tuesday, according to Reuters, targeting around 10 per cent of its 350,000-strong corporate workforce. Amazon employs more than 1.5 [...]
JD Sports-owned Go Outdoors returns to profit but cuts more jobs October 27, 2025 Go Outdoors, the retailer owned by FTSE 100 giant JD Sports, returned to profit as it cut more jobs in the wake of Chancellor Rachel Reeves’ tax hikes, it has been revealed. The business said it has reduced its headcount as it “faced significant cost headwinds” including the increase in the National Living Wage, a [...]
Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
TalkTalk to cut more jobs in ‘necessary’ move October 14, 2025 TalkTalk has announced it is looking to cut up to 100 jobs in its consumer business in a move it has described as “necessary”. The company, which has bases in Salford and London, said the move forms part of its bid to ‘returning to its challenger roots’ to become more ‘focused, agile, and dynamic’. A [...]
Hellofresh sinks further into the red as 900 UK jobs lost October 7, 2025 The UK arm of Hellofresh has sunk deeper into the red as its sales were cut during its latest financial year, it has been revealed. The division has reported a pre-tax loss of £19.5m for 2024, new accounts filed with Companies House show. The latest figure comes after Hellofresh posted a loss of £755,000 in [...]
KFC sheds jobs as UK profit jumps to almost £100m October 1, 2025 KFC has shed jobs in the UK and its profit surged to almost £100m during its latest financial year, it has been revealed. The fast food giant has posted a pre-tax profit of £97.6m for 2024, up from the £59.1m profit it achieved in 2023. However, new accounts filed with Companies House also show that [...]
Eden Project: Losses more than double amid job cuts September 25, 2025 Losses at the Eden Project in Cornwall more than doubled as a “major restructuring” led to a large number of jobs being cut. New accounts filed with Companies House show that its pre-tax loss went from £1.5m to £3.5m. The latest figure comes after the Eden Project also posted a pre-tax loss of £868,000 in [...]