The #BBC’s #newsdivision faces a 15% #costcut, exceeding the 10% target for the entire corporation. This will likely result in significant #joblosses, as the majority of the #news division’s budget is allocated to staff costs. The BBC is also exploring other cost-saving measures, such as #mobilejournalism kits and consolidating #localradio services. https://www.theguardian.com/media/2026/may/02/bbc-news-to-bear-deepest-cuts-amid-2000-planned-job-losses?eicker.news #tech #media #news
BBC News to bear deepest cuts amid 2,000 planned job losses

Staff warned news operations face 15% cut, above BBC-wide 10% target, as corporation pushes through £600m savings plan

The Guardian

AI-mad Verizon to continue with cuts after CEO's jobs warning

“#Verizon CEO Dan Schulman has now completed the 13,000 #layoffs he promised last November, but more could lie ahead.”

“It's quite a turnaround from a few years ago, when linking automation, let alone AI, to #JobLosses was as taboo as nudity in the workplace. No, no, managers frowned, new tech will merely liberate workers from drudgery and provide time for more satisfying pursuits. This was obviously before generative AI (GenAI) threatened to liberate content creators from creating content so they could spend more time cleaning laptop screens or making tea – until GenAI turned out to be a duff substitute prone to mendacity.” 🔥🔥🔥

#JobCuts
#AImad  

Claire's set for UK high street comeback with plans to open 50 new stores

https://fed.brid.gy/r/https://www.mirror.co.uk/money/claires-new-uk-stores-comeback-37095887

Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says

Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic reset

The Guardian

Mondi Flags Cost Pressures Amidst European Plant Closures

Mondi is cutting 450 jobs in 2026 because of higher costs and closing plants in Europe. This affects workers and shows wider economic problems.

#MondiJobCuts, #EuropeanEconomy, #RisingCosts, #PlantClosures, #JobLosses

https://newsletter.tf/mondi-cuts-450-jobs-due-to-rising-costs/

Mondi will cut 450 jobs in 2026, which is a significant reduction in its workforce. This action is taken due to rising costs and European plant closures.

#MondiJobCuts, #EuropeanEconomy, #RisingCosts, #PlantClosures, #JobLosses
https://newsletter.tf/mondi-cuts-450-jobs-due-to-rising-costs/

Mondi Cuts 450 Jobs Due to Rising Costs and Plant Closures

Mondi is cutting 450 jobs in 2026 because of higher costs and closing plants in Europe. This affects workers and shows wider economic problems.

NewsletterTF

Claire's closes all 154 stores in UK and Ireland with loss of 1,300 jobs

https://www.bbc.com/news/articles/cg4047qnpk2o

#HackerNews #ClairesClosure #UKJobs #RetailNews #EconomicImpact #JobLosses

Claire's closes all 154 stores in UK and Ireland with loss of 1,300 jobs

All of the chain's standalone stores have stopped trading in the UK and Ireland.

PC MLA questions provincial payments to Agropur months before Sussex job losses announced
A closure announcement for the Agropur dairy operation near Sussex was met with conflicting information from provincial government officials when questioned by reporters Thursday.
https://www.cbc.ca/news/canada/new-brunswick/agropur-job-loses-sussex-9.7176393?cmp=rss
Sawmill closures leaves northern Ontario community bracing for job losses
The Township of Nairn and Hyman is preparing for significant economic fallout after Interfor announced it would indefinitely curtail operations at its sawmills in Nairn Centre and Gogama.
https://www.cbc.ca/news/canada/sudbury/sawmill-closure-nairn-centre-gogama-interfor-northern-ontario-tariffs-9.7175460?cmp=rss