Qantas Cuts 850 Jobs and Calls It AI. Unions Call It 'AI Washing'
Qantas, Telstra, Atlassian and WiseTech blame AI for job cuts. Unions say offshore workers replace Australians, and a Sydney professor calls the practice 'AI washing'.
Topic
Job Cuts
Topic
Job Cuts
PepsiCo Cuts 1,000 North American Jobs as Growth Slows
PepsiCo will cut about 1,000 North American jobs as regional sales lag, its full-year core EPS growth forecast falls and investor…
Meta Cuts 8,000 Jobs, Cancels 6,000 Hires While Budgeting Up to $135 Billion for AI
Meta cut 8,000 jobs and 6,000 planned hires while budgeting up to $135 billion for AI in 2026, nearly double 2025's $72 billion c…
BMW Slashes Margin Outlook as 8,000 Job Cuts Bite Into Profits
BMW cut its 2025 margin guidance to between -0.5% and 0.5% as restructuring costs, 8,000 job cuts in Germany and a 22% slump in C…
Virgin Media O2 to Cut Thousands of Jobs in £800m Cost Drive
Virgin Media O2 will cut thousands of jobs in an £800m cost drive, shrinking its wage bill 30% in two years as it tackles £22bn o…
Squarespace Cuts 300 Jobs as AI Upends the Website-Building Market
Squarespace confirms a 19% workforce cut, around 300 jobs, as prompt-driven AI builders like Lovable and Google's Stitch reshape…
Virgin Media O2 Prepares Thousands of Redundancies Under £27.2bn Debt Load
Virgin Media O2 is set to cut thousands of its 16,000 jobs under a £27.2bn debt load, halt all its own fibre investment, and sign…
Nationwide Cuts 275 Jobs in Post-Virgin Money Integration Push
Nationwide is cutting 275 jobs, its second round since the £2.9bn Virgin Money takeover, as it moves to 'remove duplication' acro…
Barclays Cuts 5,000 Jobs as AI Reshapes Its Workforce
Barclays will cut around 5,000 roles, about 5% of its global workforce, by year-end as AI and a three-year cost programme reshape…
Barclays to Cut 5,000 Jobs as AI Drives £1.1bn Savings Plan
Barclays will cut 5,000 jobs, about 5% of its 93,000 staff, as AI-driven cost plans target £1.1bn of savings in 2027 alongside £2…
Barclays Cuts 5,000 Jobs, Cites AI Efficiency as Driver
Barclays is cutting 5,000 jobs, about 5% of its workforce, blaming AI-driven efficiency, as pre-tax profits rise 12% to £2.3 bill…