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• The U.S. tech and finance sectors are experiencing an average loss of 28,000 jobs monthly as artificial intelligence begins to impact employment. • Data from the California Policy Lab indicates that finance, insurance, information, and professional services have the highest concentration of unemployment claims among workers in AI-exposed roles. • This trend is significant as the Bureau of Labor Statistics (BLS) projects that office occupations will face some of the largest employment declines over the next decade due to AI integration.

Exclusive: Findings cast doubt on Starmer claims that reallocation of funds to MoD will boost British jobsKeir Starmer’s decision to cut billions of pounds of infrastructure spending to pay for more defence equipment will end up costing the UK 10,000 jobs, according to an analysis of the government’s own figures.The prime minister announced this week he was putting an extra £15bn into defence investment to revamp the country’s armed forces and boost British manufacturing. Continue reading...

Dunhill maker to cut about a fifth of workforce, aiming to reduce costs and become more ‘technology enabled’Business live – latest updatesBritish American Tobacco (BAT) will cut about a fifth of its 47,000-strong workforce this year, as the cigarette-maker looks for ways to push down costs and become more “technology enabled”.BAT, which is one of the biggest tobacco groups in the world, has announced it will cut 5,500 jobs by the end of the year and outsource a further 3,500, affecting a ⁠total of 9,000 employees. Continue reading...

German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. Continue reading...

• Amazon has invested €17 billion in low-carbon technologies across the EU and UK since 2021, focusing on carbon-free energy, transport electrification, and sustainable packaging. • An independent analysis by Frontier Economics reveals these investments have supported up to 144,000 jobs and generated approximately €11 billion in gross value added (GVA). • The initiative aims to accelerate Europe's transition to a low-carbon economy while enhancing the region's overall industrial competitiveness.

• London Tech Week 2026 concluded with £6 billion in AI investment commitments and the securing of 8,000 new jobs. • Key investments include £1.7 billion from cloud provider Nebius to deploy Nvidia compute systems and expand its London-based R&D hub. • The funding will support high-performance computing partnerships with elite institutions, specifically Imperial College London and the University of Cambridge.

• U.S. employers added 172,000 jobs in May, while the unemployment rate remained steady at 4.3 percent. • The data, which is seasonally adjusted, suggests a robust labor market that may complicate efforts to lower interest rates. • Donald Trump has pushed for steep rate cuts and recently celebrated the appointment of Kevin M. Warsh as the central bank's chair to achieve this goal.

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran warUS employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite rising inflation and economic uncertainty brought on by continued conflict in the Middle East.Economists initially predicted there would be about 80,000 new jobs and a steady unemployment rate of 4.3%. Job figures for March and April were also revised up 29,000 and 64,000, respectively, a 93,000 boost compared to initial figures. Continue reading...

• The tech industry has seen 123,000 job losses so far this year, according to the latest report from Challenger, Gray and Christmas. • In May, artificial intelligence surpassed market and economic conditions as the primary reason companies cited for implementing layoffs. • This shift highlights a critical transition in the labor market where AI is actively replacing human roles rather than just augmenting them.

London-headquartered bank will reduce back-office jobs and aims to move some workers to new rolesBusiness live – latest updatesStandard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence.The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition. Continue reading...

Announcement comes before Matt Brittin replaces Tim Davie as director general next monthBusiness live – latest updatesThe BBC is to cut as many as 2,000 jobs in the biggest down-sizing of the public service broadcaster in 15 years.Staff are set to be informed of the cuts, which will affect about 10% of the BBC’s 21,500 staff, at an all-staff meeting on Wednesday. Continue reading...

• The US Labor Department reported that employers added 178,000 jobs in March 2026, significantly surpassing economists' expectations of 60,000 jobs polled by LSEG. • The unemployment rate declined to 4.3% from 4.4% in February, lower than the projected 4.4%, with January revised up to 160,000 jobs and February down to 133,000. • This rebound follows February's unexpected job losses and signals labor market resilience despite geopolitical tensions and economic uncertainty.

• CompTIA's State of the Tech Workforce 2026 report, released March 24, predicts net U.S. tech employment growth of 1.9%, creating 185,499 new jobs to reach nearly 9.8 million workers. • Texas leads with 32,238 jobs added, followed by California (16,949), Florida (14,453), and New York (13,566); all states expect gains. • High-growth roles include data scientists (420% over 10 years), cybersecurity analysts (346%), and software developers (188%), driven by AI impact.