Euan Blair edtech Multiverse laid off dozens more staff after losses widened Tech An edtech firm founded by Tony Blair’s son Euan laid off dozens more staff after reporting widening losses, its latest accounts show. Multiverse, which was launched in 2016 and hit a valuation of £1.2bn in a 2022 funding round, said it made 55 redundancy payments in the year to the end of March 2025, according [...]
Who still gets hired in the 2026 workplace? Business Britain’s labour market has probably never felt more precarious than it does now, as the struggling economy and the rapid rise of AI take effect. Redundancies are at their highest since the pandemic, unemployment has risen to 5.1 per cent, and entry-level opportunities, the traditional stepping stones for grads and young workers, have all but [...]
Jamie Oliver ‘cutting jobs’ ahead of restaurant chain’s return Business A part of Jamie Oliver’s business empire has cut a firth of its workforce, according to reports, as the celebrity chef plans a return to the high street next year. Jamie Oliver Group has shed 25 of its 126 employees through a redundancy round, Sky News has reported. City AM has contacted the group for [...]
River Island sets sights on profit after losing almost £125m December 8, 2025 River Island lost almost £125m in the year before being saved from the brink of administration, it has been revealed. The high street retailer’s restructuring plan, which was approved in August, involved 33 stores being closed with the loss of hundreds of jobs. The proposal also included rents being reduced – some to zero – [...]
Clifford Chance AI-driven redundancies hit London business service roles November 21, 2025 Law firm Clifford Chance is preparing for dozens of redundancies after launching a restructuring of its London business services team. Around 10 per cent of the 550 employees are set to lose their jobs, according to the Financial Times. It was reported that the magic circle firm told staff last month that greater use of [...]
Ubisoft issues sales warning as gamers’ habits change November 17, 2025 The UK arm of Ubisoft has warned its sales will be lower for its current financial year thanks to a combination of fewer new games being released and a major change in habits. The Guildford-headquartered division of the French giant has said gamers playing fewer titles and for longer means that newer games “are struggling [...]
Pizza Hut: Restaurants arm owed £30m as 1,100 jobs lost November 3, 2025 The company behind Pizza Hut’s restaurants in the UK owed almost £30m as it collapsed with the loss of more than 1,100 jobs, it has been revealed. DC London Pie entered administration towards the end of last month with FTI Consulting appointed to oversee the process. Now, a new document has revealed the full story [...]
Salesforce: UK profit surges as 300 jobs lost November 3, 2025 The UK division of Salesforce has made another huge round of job cuts as its profit jumped by 65 per cent during its latest financial year. The firm’s headcount fell from 2,964 to 2,673 in 2024, new accounts filed with Companies House have revealed. The reduction comes after Salesforce also cut more than 450 jobs [...]
Facebook cuts 660 UK jobs as revenue nears record November 3, 2025 Facebook cut more than 600 UK jobs as its revenue passed the £3bn mark in 2024, it has been revealed. The London-headquartered arm of the US giant reduced its headcount from 6,338 to 5,679 during its latest financial year. The fall comes after Facebook’s UK headcount had stood at 7,053 at the end of 2022. [...]
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 [...]