TG Jones owner Modella puts jobs at risk in shoe retailer overhaul Retail Modella Capital is set to put hundreds of jobs on the line as it pursues its latest drastic restructuring, this time of northern shoe seller Wynsors World of Shoes. The private equity firm which owns hundreds of former WH Smith stores has briefed staff on its plans for an overhaul at the shoe retailer it [...]
‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks Banking One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]
Gocardless axes 90 jobs as UK fintech targets profitability Fintech UK fintech Gocardless has taken the chop to its workforce as the firm sets its sights on breaking into the black in the new financial year. The London-based firm, which specialises in bank-to-bank payment solutions, said it had made a redundancy provision for around 90 roles in the year ending 30 June 2025. This led [...]
European banking jobs face AI reset ‘not mass job losses – for now’ April 10, 2026 European banking jobs are in line for a boost from AI despite widespread fears the integration of new tech will trigger mass layoffs, according to fresh analysis. The headcount at the top lenders is expected to get a four per cent average uplift, analysts from Bloomberg Intelligence said in a new note. The increase is [...]
KPMG to dismiss more than 400 auditing staff March 28, 2026 KPMG UK is set to fire more than 500 staff in a redundancies round hitting the auditing industry, reports have suggested. The Big Four consultancy is set to fire staff across its advisory arm in the UK as well as the audit business, which will be more heavily affected. Consultancy bosses reportedly told staff on [...]
Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning March 17, 2026 Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around [...]
Services sector cuts jobs and hikes prices after Reeves’ tax raid March 4, 2026 The UK’s services sector has turned to hiking prices and shedding workers in an effort to balance the books in the face of rising cost pressures from government policy. Businesses activity picked up for the tenth-consecutive month in February, according to the latest Purchasing Manager’s Index (PMI) from S&P, but came amid a “solid” amount [...]
Private sector axes more jobs amid Reeves’ tax and wage pressures February 20, 2026 The UK’s private sectors culled jobs for the seventeenth consecutive month in February led by a significant drop in the services sector as businesses were still digesting the impact of Labour’s 2024 Autumn Budget. The latest flash Purchasing Managers Index (PMI) from S&P Global described the rate of job shedding in February as at a [...]
Fashion bosses back AI as their staff fear for their jobs February 12, 2026 Scroll through LinkedIn and you will see fashion bosses talking up AI as the next industry growth lever. But turn to their teams, and the picture becomes less rosy. A Vogue Business survey of over 300 fashion professionals found 43 per cent feel ‘positive’ or ‘very positive’ about AI’s future impact on their careers. Thirty [...]
Service sector sees longest run of job losses in 16 years February 4, 2026 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 [...]