#job-losses

#job-losses

"From young people taking their first step into the world of work to parents and carers returning to the workforce, retail offers opportunities that meet the needs of people in all corners of the country. These increases in employment costs are putting those opportunities at risk."

"Stephen Woodward, 36, pocketed over 1 million from running illegal streaming websites and was sentenced to three years and one month in prison for copyright infringement."

CEO of Ford Motor Company Jim Farley predicted that AI "is going to replace literally half of all white-collar workers in the US." He added that "AI will leave a lot of white-collar people behind."

It's of course alarming to see the sustained fall in the number of employees on payroll.

The report warns that proposed Medicaid work requirements could lead to millions losing coverage, significant job losses, and ultimately fail to boost employment.

The University and College Union warns that up to 10,000 academic jobs may be lost this year, amplifying the ongoing financial crisis in higher education.

As for other agencies, 'we are still assessing the impact of the budget cuts,' according to a spokesperson for the International Labour Organization (ILO). But everyone expects significant disruption, with thousands of jobs already at risk.

The elimination of federal jobs threatens crucial services that veterans, environmental safety, and public health rely on, highlighting the broader implications of workforce reductions.

Tata Steel UK has secured planning approval to build sustainable steel production in Port Talbot, transitioning to electric arc furnaces but resulting in 2,000 job losses.

Martin Seidenberg, chief executive of International Distribution Services, stated, "We are seeing quite a significant burden from the national insurance increase." This highlights the direct impact of rising costs on the company’s finances.