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Carmaker, which is battling Trump tariffs and fallout from cyber-attack, wants to reduce 34,000-strong UK workforceBusiness live – latest updatesJaguar Land Rover has announced thousands of job cuts as it grapples with tough conditions in the car market, Donald Trump’s tariff wars and the fallout from a cyber-attack.Britain’s largest carmaker, which is owned by the Indian conglomerate Tata, on Monday confirmed the anticipated cuts, saying it wants to reduce its 34,000-strong UK workforce by about 4,000 over two years, as part of an effort to save £1.7bn. Continue reading...

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructureThe car company Volkswagen has confirmed that it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals.The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000. Continue reading...

Layoffs will come in admin and development divisions in Germany, with production operations unaffectedBMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.The Munich-headquartered company has started a voluntary redundancy programme agreed with employee representatives, a BMW spokesperson said on Wednesday. Continue reading...

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad supportBusiness live – latest updatesThe chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany.Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the most comprehensive realignment in the company’s history” and revolved around “12 initiatives, approximately 150 pages and 45 individual resolutions” for change. Continue reading...

• Major tech giants, including Microsoft, Amazon, Oracle, and Meta, are conducting massive "AI-led restructuring" that has resulted in over 119,000 job losses in the first half of 2026. • Microsoft specifically cut approximately 4,800 positions, with the Xbox division experiencing the most significant impact. • This trend signals a shift where companies are openly attributing workforce reductions to the integration and efficiency of artificial intelligence rather than using vague corporate euphemisms.

• New data from Ramp and Revelio analyzing 21,000 firms indicates that intensive Generative AI adoption is linked to increased overall headcount rather than job losses. • The findings specifically highlight a rise in entry-level hiring, challenging the prevailing narrative that AI is primarily replacing human workers. • This shift is reshaping strategies for IT leaders, who are now focusing on how AI can augment human labor across various business functions.

• 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.