US factory job cuts approached 2009 crisis levels in June, driven by demand and cost concerns, despite a better-than-expected manufacturing index reading of 55.7, attributed to inventory rebuilds.
General Motors has introduced 50 collaborative robots at its Factory Zero plant in Detroit, resulting in over 1,000 job cuts. While GM claims the 'cobots' enhance safety and efficiency, the UAW union criticizes the move as a threat to employment.
Oracle's annual filing reveals a reduction of 21,000 employees, bringing its global workforce to 141,000 as of May 31, 2026. The company cited an "existing restructuring plan" and the "adoption and deployment of AI technologies" as reasons for the workforce adjustments, which have already incurred $1.8 billion in restructuring costs.
City & Guilds has guaranteed that plans for mass compulsory redundancies and offshoring of UK jobs to Greece will no longer go ahead, following union negotiations. The vocational training body faced backlash after its acquisition by PeopleCert.
Activists protested the SuperReturn private equity conference in Berlin, criticizing the industry's practices of wealth extraction and high debt financing. They argue that private equity firms prioritize profit over company growth and worker welfare, often leading to detrimental effects on businesses and the economy.
Activists protested the SuperReturn private equity conference in Berlin, highlighting wealth inequality and the controversial practices of private equity firms. They argue that much of the superrich's wealth is inherited and advocate for higher inheritance taxes.
Morris Chang, founder of TSMC, cautioned companies against layoffs, especially if rehiring is likely within a year. He highlighted hidden costs like severance and training, and the impact on employee trust, drawing from TSMC's controversial 2009 performance-based layoffs.
Amazon founder Jeff Bezos countered widespread fears of AI-induced job losses at a Paris tech conference, predicting instead a future labor shortage due to AI's ability to identify more problems and unlock productivity. This optimistic view contrasts with recent reports showing AI as a leading reason for job cuts.
The BBC is cutting 550 jobs in news, nations, and TV/radio content as part of a plan to save £500m over two years. The cuts include ending Radio 4's The World Tonight, reducing presenters on Today, and merging production teams for Sunday with Laura Kuenssberg and Newsnight.
Hancock Iron Ore, owned by Gina Rinehart, has confirmed job cuts at its Pilbara operations following a merger of its Roy Hill and Atlas Iron businesses. While the exact number is undisclosed, reports suggest hundreds of positions may be affected.
BBC News is preparing for significant job cuts, potentially hundreds, as part of a £500m cost-saving initiative. The cuts, expected soon, may involve eliminating entire services or programs, with the news operation facing larger reductions than other departments.
Palantir CEO Alex Karp cautioned tech leaders against celebrating AI-driven job cuts, warning it could fuel public backlash and calls for regulation. He noted Palantir uses AI for efficiency but plans to limit hiring rather than broad layoffs.
A new Aon study across 504 Asia-Pacific companies shows 74% have adopted AI, with 84% using it to augment tasks rather than replace jobs, despite concerns over layoffs
The community of Solaro, Milan, rallied in support of Electrolux plant workers facing a one-third layoff plan. A protest march and public assembly were held, with local officials and citizens expressing solidarity and demanding the withdrawal of the proposed cuts.
South Australia's Labor government will cut 1,000 back-office public service jobs by replacing only one in two departing employees to save $120 million annually. Treasurer Tom Koutsantonis stated this measure will not impact frontline services, while the union expressed alarm.
Sunshine Coast Council will increase rates by 10% for the second consecutive year, adding hundreds of dollars to bills, and cut 130 jobs to address a $7 million deficit and ongoing cost blowouts. Mayor Rosanna Natoli acknowledged the pain, while councillor Taylor Bunnag suggested selling parts of the new HQ and implementing a 'bed tax'.
German industry revenue grew 1.7% in Q1, the first increase since mid-2023, but 127,300 jobs were lost, with the automotive and mechanical engineering sectors hit hardest. High costs and competition remain challenges.
German industrial companies cut 127,300 jobs in Q1 2026, a 2.3% decrease year-on-year, despite a 1.7% sales increase. Since 2019, 341,500 industrial jobs have been lost.
German industry's revenue increased by 1.7% in Q1 2026, the first rise in a year, driven by the metal sector. However, employment fell by 2.3%, with the automotive industry losing the most jobs.
German industry experienced its first sales increase in three years in Q1 2026, growing 1.7% to €531 billion. However, job losses persist, with 127,300 positions cut year-on-year, particularly in the automotive and mechanical engineering sectors. High energy and labor costs, competition from China, and US tariffs remain challenges.
Palo Alto Networks CEO Nikesh Arora believes AI's productivity gains will not lead to job cuts but rather enable companies to tackle backlogs and hire more staff with new skill sets. He argues that AI will allow businesses to clear long-delayed product roadmaps and create capacity for innovation, contrasting with other tech leaders who foresee AI reshaping staffing needs.
Stellantis downgrades Opel to a "regional brand" for Northern Europe, allocating only 30% of future investments. The company plans production cuts and partnerships with Chinese automakers Leapmotor and Dongfeng, raising concerns among Opel's works council about job security and potential cannibalization.
Standard Chartered CEO Bill Winters apologized for calling employees vulnerable to AI job cuts 'lower value human capital'. He clarified his remarks at a conference, stating the bank aims to help colleagues transition to higher-value roles amid expected job cuts.
Standard Chartered's CEO, Bill Winters, apologizes for calling 7,800 jobs at risk to AI 'lower-value human capital', amidst backlash over comments justifying back-office role cuts by 2030.
