McKinsey slashes 10 per cent of jobs in major overhaul May 28, 2025 Consulting giant McKinsey has unleashed one of the largest job culls in the company’s history after ten per cent of staff faced the chop. The New York-headquartered firm has reversed major expansion plans, which peaked during the pandemic, as it aims to drive profitability. The consulting firm has reduced its workforce to 40,000 over the [...]
UK jobs markets suffers a fainting fit…will the patient get worse? May 14, 2025 We now know that since the start of the year the number of payrolled employees in the UK has fallen by around 100,000 – adding to the emerging narrative that when it comes to employment, things are going in the wrong direction. Fewer people employed, fewer vacancies and fewer jobs likely to be created. The [...]
LinkedIn is hoping AI will help you find your next job May 7, 2025 LinkedIn is launching a new AI tool which it hopes will help users find a new job easier than ever before. The Microsoft-owned social media giant has said the new tool “understands what you’re really looking for in your next role” and is said to look beyond job titles and locations. Using generative AI, LinkedIn [...]
Recruitment firms shutting at fastest rate since financial crash April 24, 2025 Recruitment agencies are shutting for business at their fastest rate in fifteen years as companies tear up hiring plans amid rising taxes and global economic uncertainty. As many as 120 recruitment businesses have appointed liquidators in the past six months, a City AM analysis of insolvency disclosures has found, a jump of 17 per cent [...]
Liz Kendall unveils welfare reform package aimed at saving £5bn by 2030 March 18, 2025 Liz Kendall has unveiled a major package of reforms to the UK’s welfare system with the aim of saving the government £5bn by 2030.
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Profit slumps at Page Group and Robert Walters as jobs market collapses March 6, 2025 The slowing jobs market has forced two of the UK’s largest recruiters to reveal painful last-year performances in which profit and revenue nosedived. Page Group and Robert Walters both posted double-digit falls in overall revenue for the year ended 31 December. The latter’s earnings plunged 16 per cent to £892m, while Page Group’s dropped 13.5 [...]
Labour’s jobs tax is proving the Laffer curve in real time February 19, 2025 Widespread falls in hiring and increases in redundancies are a textbook demonstration of how tax can destroy economic activity. Labour’s National Insurance rise is proving economic theory before our eyes, says Matthew Kilcoyne Sometimes the data tells a story so clear it hurts. The latest CIPD survey gives us exactly that – a textbook demonstration [...]
Should you use AI for job applications? Here’s what UK hiring managers think February 13, 2025 Managers are increasingly suspicious of AI-generated job applications, with many fearing they aren’t receiving an accurate reflection of a candidate’s skills. According to a new survey by the Chartered Management Institute (CMI), three in four managers in the UK say they are not receptive to interviewing people that rely on AI, without tailoring it to [...]
UK economy: Headache for Bank of England as wage growth accelerates January 21, 2025 Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS), annual regular pay growth averaged 5.6 per cent in the three months to November, up from 5.2 per cent previously. [...]