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 [...]
‘It probably could do my job’: New ChatGPT model catches up with junior bank analysts December 12, 2025 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 November 20, 2025 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 [...]