51 h. ago Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs riseProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten. “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.” Procter & Gamble, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024. The cuts are part of a broader restructuring program. Procter & Gamble will also end ...

Economics

66 h. ago Congressional letter obtained by AP outlines drastic job cuts expected at Voice of America

Sharp job cuts at the state-run Voice of America are outlined in a letter to Congress that was obtained by The Associated Press

Politics

4 d. ago Oil industry could see job cuts like Grangemouth every fortnight, report warns

Striking The Balance by Robert Gordon University in Aberdeen looked at the prospects for the North Sea sector in different scenarios.

Events

4 d. ago DOGE promised to make government more efficient. Workers say they are wasting more time than ever

Ataffers at 19 agencies revealed how red tape brought in by DOGE has instead resulted in delays for the most basic transactions

Politics

6 d. ago Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada

50% levy would disrupt factories and supply chains in America’s biggest foreign supplier of the metal

Events

9 d. ago New London budget cuts lead to numerous job losses for crossing guards

New London budget cuts lead to numerous job losses for crossing guards  WFSB

Economics

1 week ago VA employees are ‘fearful, paranoid, demoralized’ as officials share few specifics to axe 83,000 employees

Morale has been ‘plummeting’ at the department as staff anxiously wait to hear more about the proposed job cuts

Politics

1 week ago UK businesses warn of more job cuts as confidence drops following tax rises

Firms are expected to slash investment as many warn of new costs

Events

1 week ago Retailers expect more job cuts amid plummeting sentiment following tax rises

Confidence across the retail sector has fallen at the sharpest pace in five years, according to a quarterly industry gauge.

Politics

1 week ago Dundee University strikes: Staff in new walkout over hundreds of threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs

Events

1 week ago Dundee University facing staff strikes over 700 threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs.

Events

1 week ago University facing staff strikes over hundreds of threatened job cuts

Union bosses have asked the Scottish Government to step in to help address the issue.

Events

2 w. ago Expert calls Musk’s ‘Doge’ involvement ‘one of the greatest brand destructions’

Top US marketing professor Scott Galloway says on Pivot podcast Tesla owner ‘has alienated his core demographic’The prominent US marketing professor Scott Galloway says Elon Musk’s decision to implement brutal job and spending cuts within the federal government on behalf of the Trump administration was “one of the greatest brand destructions” ever.Speaking on Friday’s episode of the popular Pivot podcast, which he co-hosts, Galloway said Trump’s billionaire businessman adviser alienated the customer base of his electrical vehicle manufacturer Tesla – one of his most important holdings – while aligning himself with a president whose allies aren’t interested in the kinds of cars the company makes. Continue reading...

Politics

2 w. ago Sir Jim Ratcliffe ruthlessly axes Man Utd staff just hours after Europa League final defeat

Manchester United are in the process of even more job cuts amid their difficult financial position having already let go of 250 staff last year - with the club now moving to the next phase of terminations

Sport

2 w. ago ‘Football is not complicated’: Andoni Iraola on Bournemouth, birdsong and playing better

The travel-loving manager is staying put for now on the south coast after a record-breaking season – ‘I’m going to enjoy the years ahead of me’At Bournemouth’s uber-cool Canford Magna training base, a 57-acre site on a former golf course, Andoni Iraola is surrounded by bells and whistles. There is a hydrotherapy pool and an altitude chamber. “For me, those are like the extras,” says a manager used to getting his hands dirty from his days at AEK Larnaca in Cyprus and Mirandés in northern Spain.“I come from clubs where everybody has to do their job – and something else. I’ve needed to cut videos, make things, set up; we didn’t have goals with wheels so four of us would move them.” At Rayo Vallecano, even after promotion to La Liga, he explains how they happily made do with “training on one pitch and a third”. Continue reading...

Politics

2 w. ago ITV staff fury grows over job cuts and 'death of daytime' as CEO pockets £4m salary

Staff at ITV are said to be growing angrier as the row over cuts on key shows such as Loose Women and Lorraine continues, with insiders fearing a drop in standards

Economics

2 w. ago Klarna’s AI replaced 700 workers. It now wants some of them back to improve customer service

Klarna’s CEO has suggested that the AI job cuts have led to “lower quality” customer service

Economics

2 w. ago Klarna’s AI replaced 700 workers. It now wants them back to improve customer service

Klarna’s CEO has suggested that the AI job cuts have led to “lower quality” customer service

Economics

2 w. ago Klarna’s AI replaced 700 workers. It’s now wants them back to improve customer service

Klarna’s CEO has suggested that the AI job cuts have led to “lower quality” customer service

Economics

2 w. ago Channel 4 bosses see pay packets soar despite hundreds of job cuts

Channel 4 bosses earnings soared by nearly a third last year, despite the public service broadcaster slashing content spend and hundreds of jobs.

Economics