News about job cuts: events, facts and developments on tafs uz.
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Telegraph Media Group staff received notice of a new round of job cuts several months after the publication was bought by German media group Axel Springer for £575 million. The exact number of redundancies has not been disclosed; a merger of editorial teams and expansion into foreign markets is planned.
Javlon TursunovVolvo Cars reported a net loss of SEK 5.7 billion in the third quarter amid US tariffs and competition in China. The company announced an additional SEK 5 billion cost-saving programme and the elimination of about 2,500 jobs, of which around 2,000 in Sweden. The company's shares on the Stockholm stock exchange fell by more than 25% on Friday.
Javlon TursunovBritish bank Barclays announced on 22 October 2026 that it would cut around 5,000 jobs — roughly 5% of its global workforce — as part of an AI-driven efficiency programme. About 60% of the cuts will affect support functions, including developers. At the same time, the bank reported higher quarterly profit and announced a £500 million share buyback. British bank Barclays announced on 22 October 2026 that it will cut around 5,000 jobs — roughly 5% of its global workforce — as part of an efficiency programme using AI. About 60% of the cuts will affect support functions, including developers. At the same time, the bank reported growth in quarterly profit and announced a £500 million share buyback.
Sevara AzamovaBBC announced that in the spring it will close the BBC Three and BBC Scotland TV channels and the Radio 4 Extra radio station. The services will move online to the iPlayer and Sounds platforms. The corporation is saving £500m over two years and plans to cut 1,800–2,000 jobs. The Equity union expressed concern.
Javlon TursunovFlutter, which owns Paddy Power, Sky Bet and Betfair, announced job cuts of up to 1,400, citing increased taxes on online casinos and betting. Offices in Leeds and Dublin will be hit hardest. The government called the decision commercial.
Javlon Tursunov
