Nine Entertainment, Australia's largest media company, announced 30 newsroom job cuts at the Sydney Morning Herald and The Age, attributing the decision to "extreme disruption" caused by AI and its impact on digital subscription revenue.
The proposed merger between Paramount and Warner Bros Discovery faces mounting legal challenges from 12 U.S. states and the Writers Guild of America, amid fears of massive job losses and further consolidation in Hollywood.
UK Chancellor Rachel Reeves is launching a new "skills compact" with financial firms like Barclays and Lloyds to retrain thousands of workers for the AI revolution. The initiative commits employers to improving skills and keeping pace with technological changes, aiming to future-proof jobs and maintain the sector's competitiveness.
John Lewis is consulting on closing its in-store foreign exchange and gift wrapping services, potentially impacting 200 jobs. The company cites changing customer needs and online convenience, while staff express concern over increased workload and loss of customer service.
The University of Exeter is facing significant backlash over proposed job cuts, primarily affecting humanities, arts, and social sciences. Over 21,000 people have signed a petition against the redundancies, with prominent figures expressing concern.
India's SEBI is overhauling stock exchange regulations to simplify rules, reduce compliance, and improve ease of doing business. The review includes merging master circulars and rationalizing reporting obligations for market infrastructure institutions.
India's SEBI is overhauling stock exchange regulations to simplify rules, reduce compliance burdens, and improve ease of doing business. The review includes technology rules and aims to consolidate master circulars, potentially halving their size.
Lucid Motors is laying off approximately 1,500 employees, representing 18% of its workforce, as part of a plan to reach profitability. This follows earlier layoffs in February and includes ending a second shift at its Arizona factory, aiming to save $158 million.
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.
BBC Director General Matt Brittin announced sweeping cuts, including programme scrapping and compulsory redundancies, to save £500m over three years. Around 2,000 jobs are expected to be lost as the corporation reviews its TV and radio network to adapt to digital audiences.
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.
Staff at Goldsmiths, University of London, are on an indefinite strike due to a third round of restructuring aimed at saving £22 million through mass redundancies, putting over a fifth of the workforce at risk. This follows two previous restructuring programs that resulted in job losses and significant savings, the destination of which remains unclear.
UK universities may cut hardship support and outreach for disadvantaged students due to severe funding issues. Over two-thirds of vice-chancellors are considering job cuts, with many also looking at mergers.
One Nation is dissolving and re-establishing branches amid internal risks, while housing advocates urge support for Labor's negative gearing and capital gains tax reforms. Feral horse numbers surge in Kosciuszko National Park, and Israel deports activists seized from a Gaza-bound flotilla.
WiseTech has started notifying staff about redundancies tied to its AI transformation, but employees said the company removed references to AI from an email sent to China-based staff. Workers in several countries described low morale, anxiety and unclear communication.
Staff warned news operations face 15% cut, above BBC-wide 10% target, as corporation pushes through £600m savings planThe BBC’s news operation is to cut costs by a steeper-than-expected 15%, with staff told to expect heavy redundancies.The division, home to about a quarter of all BBC staff, is being saddled with one of the highest cost-cutting targets as the corporation attempts to cut as many as 2,000 jobs in the biggest downsizing of the public service broadcaster in 15 years. Continue reading...
Iran is experiencing a massive wave of redundancies driven by conflict with the US and Israel, with layoffs affecting factories, retailers, import/export businesses and the digital sector. The 52-day internet shutdown has cost the economy over $1.8bn, while strikes on petrochemical plants and steel manufacturers have devastated supply chains employing millions. Female workers and media outlets have been particularly hard hit.
