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Latest breaking news, business news from International Business Times UK Edition. Including detailed analysis and in-depth reporting.
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News
AI Layoffs Reach Record Pace as Tech Giants Attribute 40% of Job Cuts to Automation | IBTimes UK
3+ day, 17+ hour ago (542+ words) Artificial intelligence remains a major factor behind US layoffs, but the latest figures suggest the workforce story is not simply about machines replacing people. Employers announced 52,881 job cuts in August, with AI cited in 3,462 cases, while restructuring accounted for 16,173 cuts…...
Brits Over 50 Face 'Alarming' Jobs Crisis as More Struggle to Find Work Before Retirement
6+ day, 17+ hour ago (395+ words) More than one in five people aged 50 to state pension age, around 21%, are classed as NETER, compared with 13% of 16 to 24-year-olds classed as NEET. The figures highlight the growing challenge facing older jobseekers. Some 918,000 people aged 50 to state pension age…...
Read Uber CEO's Memo as 3,300 Workers Lose Their Jobs Despite Business 'Performing So Well"
1+ week, 4+ day ago (574+ words) For about 3,300 Uber employees, Wednesday brought a painful message: their jobs were being eliminated. Uber is cutting roughly 10% of its global workforce in its biggest round of layoffs since the Covid-19 pandemic. Chief executive Dara Khosrowshahi announced the decision in…...
Young, Broke and Hopeful: Wales Sets up £2.5bn Scheme To Get 56,000 Unemployed Welsh Youth off the Dole
1+ week, 4+ day ago (598+ words) Wales is rolling out its share of a £2.5 billion UK-wide scheme aimed at helping more than 56,000 young people who are not in education, employment or training move into work, with the first placements already under way in south Wales for…...
September Layoffs 2026: Full List of Major Companies Facing Workforce Reductions in WARN Notices
2+ week, 5+ day ago (710+ words) Thousands of workers across the United States will lose their jobs next month as federal disclosures reveal the scale of layoffs in September 2026, with major employers confirming large-scale workforce reductions. Data from Worker Adjustment and Retraining Notification filings, which companies…...
'Highly Unwelcome Trend': Bill Gates Claims Only Three Jobs Survive AI as the UK Graduate Roles Sink
2+ week, 5+ day ago (498+ words) As artificial intelligence accelerates across the British economy, billionaire Microsoft co-founder Bill Gates has warned that only three professions are currently safe from automation. This warning coincides with domestic graduate employment dropping to record lows. Gates asserts that coders, energy…...
'We've Lost 75,000 Manufacturing Jobs': Massive Missouri Layoffs Strike Trump Voters Before Polls
3+ week, 2+ day ago (626+ words) President Donald Trump and incumbent Republicans face mounting economic pressure following massive Missouri layoffs this October. Cornerstone Building Brands is terminating dozens of workers in Kearney just weeks before the November elections. These sudden cuts directly challenge current political claims…...
Layoffs Are Quietly Rising Everywhere and Older Workers Over 50 Are Definitely Getting Smashed
3+ week, 4+ day ago (565+ words) Layoffs are rising across multiple industries, with older workers aged over 50 facing growing pressure as fresh labour market data shows job cuts spreading beyond technology into government, warehousing, retail and financial services. US employers announced more than 1.1 million layoffs in…...
Why Thousands of University Graduates Still Can't Find Jobs: Inside Britain's 'Lost Generation"
4+ week, 1+ day ago (497+ words) Generation Z is often described as the 'lost generation', the 'bedroom generation' or a cohort lacking direction. While such labels make for attention-grabbing headlines, they overlook the reality facing many young people trying to build careers in one of the…...