Amazon job cuts hit hundreds as tech giant denies AI link Tech Amazon’s latest round of job cuts will affect hundreds of employees worldwide, City AM understands, as the tech giant continues to restructure its business following nearly 30,000 redundancies. The company confirmed on Wednesday that it was reducing headcount across its Stores division, which oversees its core online retail operations, with employees in the UK, US [...]
Revealed: KPMG and Deloitte offer bumper redundancy packages to slash headcount Big Four KPMG and Deloitte are offering UK staff bumper redundancy packages as they look to slash their headcount and trim costs, City AM can reveal. The two accountancy companies, as well as PwC, have all ramped up their payouts to employees after a slowdown in the sector’s traditional ‘attrition model’, in which around 15-20 per cent [...]
Exclusive: Big Four giant KPMG to cut more jobs Big Four Big Four giant KPMG is set to lay off around 10 per cent of staff in its UK group corporate services division, City AM understands. The division, which includes HR, corporate affairs, marketing, tech, and procurement, is understood to be cutting around 200 people. A KPMG UK spokesperson told City AM: “As we continue to [...]
Fintech boss defends sacking entire HR department for ‘creating problems that didn’t exist’ May 20, 2026 US fintech Bolt has become the latest company to openly link job cuts and restructuring to AI, after chief executive Ryan Breslow defended scrapping the firm’s HR department during a recent round of layoffs. Speaking at a Fortune event Breslow said Bolt’s HR function had become counterproductive as the company attempted to streamline operations. “We [...]
KPMG faces staff uproar as job cuts expose communication breakdown May 6, 2026 Big Four audit firm KPMG is facing something of an internal comms meltdown, City AM understands, amid complaints of a lack of communication during a ‘mismanaged’ redundancy round. In late March, it was reported that KPMG UK was set to axe more than 500 staff in the latest redundancy round at the Big Four giant. [...]
Meta to cut 8,000 jobs as AI spending soars April 24, 2026 Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
BBC to cut 2,000 jobs ahead of Matt Brittin takeover April 15, 2026 The BBC is set to cut up to 2,000 jobs in its largest round of redundancies in 15 years, as the broadcaster accelerates cost-cutting plans ahead of a leadership change next month. Staff were briefed on the proposals at a company-wide meeting on Wednesday, with the cuts expected to affect roughly 10 per cent of [...]
Oracle chops headcount as AI reshapes Big Tech workforce April 1, 2026 Oracle has begun a new round of global job cuts, as the software giant ramps up spending on AI infrastructure and follows a broader wave of layoffs across Big Tech. Employees across multiple divisions, including cloud, health, sales and Netsuite, were informed on Tuesday that their roles had been eliminated with immediate effect. In a [...]
Block slashes 4,000 jobs in latest AI warning February 27, 2026 Payments giant Block will slash nearly half its workforce, cutting more than 4,000 roles as it pivots towards a business model built around AI and leaner teams. In a message to staff, the company confirmed it will reduce headcount from more than 10,000 employees to just under 6,000, with affected workers either leaving immediately or [...]
Financial Times lays off staff as chief executive warns of ‘need for change’ February 26, 2026 The Financial Times has completed a round of layoffs, City AM understands, as the London newspaper’s new chief executive told staff of “the need for change” as part of an internal restructuring. Around a dozen roles across the paper’s Product and Tech department have been axed following a consultation process, according to internal communications seen [...]