Category: JOBS

This risks leaving firms without people to promote into management positions in a few years. But for now, a tough economic backdrop and open questions over how AI will reshape the workplace are keeping employers focused on reducing costs.AI has raised the stakes of taking your first step up the career ladder - and made it tougher and costlier than ever.Georgie Blackburn, a Gloucestershire-based career coach, is one of the few beneficiaries. In a two-decade career advising everyone from senior executives to military leavers, she says most of her clients today are young people fresh out of university, up from just one in 10 two years ago.“I have seen it as a growth area for my business,” said Blackburn, whose early-careers services can cost up to £750 ($1,010) and may direct people to volunteer work, internships or online courses to build experience. “A degree is not enough on its own, never has been, but even more so today.”The situation is...

A high street giant collapsed into administration, resulting in the loss of 1,800 jobs.M&Co, which was founded in 1834 and operated 168 stores across the UK, owed more than £46 million at the time of its collapse.The clothing retailer closed all of its brick-and-mortar stores across the UK in spring 2023 after going into administration, including past local branches in places like Didcot, Abingdon, and KidlingtonNewly published documents reveal that more than 600 unsecured creditors will lose more than £33 million, with the case moving from administration to dissolution in June.READ MORE: Jeremy Clarkson gives update on future as he admits 'too difficult'Adele Macleod, Gavin Park and Robert Harding of Teneo were appointed joint administrators, marking the second time the company had entered administration.M&Co first entered administration during the pandemic, resulting in the loss of 47 stores and 380 jobs.The company was bought back by the founding family, but administrators were once again appointed in 2022.In their latest report, the...

MORRISONS axed over 4,000 jobs across its UK stores last year, it has been revealed. The supermarket giant reduced its workforce by thousands, with employee headcount dropping by 4,900, according to a report by the Yorkshire Post. Morrisons’ employee headcount was drastically reduced last year Credit: Getty Lidl overtook Morrisons in market share earlier this year Credit: Getty Morrisons‘ parent company, Market Topco Limited, published its latest annual results for the year to October 26, 2025. While it shows that revenue for the retailer grew by £400million from a previous £15.3billion, the report reflects the drastic loss in staff. Sign up for the Money newsletter Thank you! Average employee headcount dropped from 101,144 to 96,232 over the year with 4,200 less employees in actual Morrisons stores. There were also around 500 less members of staff in manufacturing roles and 200 less in distribution. CHOC-POCALYPSE Hotel Chocolat forced to SHUT store as heatwave threatened to melt stock SHUTTERS DOWN Famous British department store plunges into liquidation after 21 years Sharing an explanation...

The Pound Sterling registers modest gains of 0.14% on Monday as investors digest softer-than-expected US inflation data and brace for the release of crucial UK jobs and inflation data. The GBP/USD trades at 1.3552 after bouncing off daily lows of 1.3524.GBP/USD firms as softer US inflation supports Fed hold betsIn the past week, inflation on the consumer and producer sides in the US pushed US Treasury yields lower, indicating that traders are not expecting a rate hike – at least at the September meeting, according to Prime Terminal. The disinflation process continued for the second straight month, yet Fed dovish officials are not out of the woods, amid the uncertainty around the Middle East conflict.In the meantime, Investors see a nearly 69% chance that the Fed will hold rates unchanged, while the odds for the December meeting continue to price in a 66% chance of a 25-basis-point rate hike, according to Prime Terminal.Source: Prime TerminalLast week’s data bolstered Sterling as...

Britain’s fragile consumer recovery has stumbled, with confidence slipping in August as concerns over job security reached their weakest point in more than three years. The closely watched S&P Global UK consumer sentiment index fell to 42.9, from a four-month high of 43.4 in July. Any reading below 50 signals broadly negative sentiment. The deterioration comes despite recent signs of stronger economic growth, highlighting the difficulty for the Government in translating an improving headline economy into greater confidence among households. Maryam Baluch, an economist at S&P Global Market Intelligence, said the economy’s recent improvement was “failing to feed through to households”, with labour market concerns becoming an increasingly important drag on sentiment. The survey’s job security index fell to 45.6, its lowest level since April 2023 and the third consecutive month in which respondents reported worsening concerns about employment. The figures arrive ahead of the latest official labour market data from the Office for National Statistics, which is expected to provide further evidence of slowing...

M&Co, which was founded in 1834 and operated 168 stores across the UK, owed more than £46 million at the time of its collapse. The clothing retailer closed all of its brick-and-mortar stores across the UK in spring 2023 after going into administration, including past local branches in places like Didcot, Abingdon, and Kidlington Newly published documents reveal that more than 600 unsecured creditors will lose more than £33 million, with the case moving from administration to dissolution in June. READ MORE: Jeremy Clarkson gives update on future as he admits 'too difficult' Adele Macleod, Gavin Park and Robert Harding of Teneo were appointed joint administrators, marking the second time the company had entered administration. M&Co first entered administration during the pandemic, resulting in the loss of 47 stores and 380 jobs. The company was bought back by the founding family, but administrators were once again appointed in 2022. In their latest report,...

M&Co, which was founded in 1834 and operated 168 stores across the UK, owed more than £46 million at the time of its collapse. The clothing retailer closed all of its brick-and-mortar stores across the UK in spring 2023 after going into administration, including past local branches in places like Didcot, Abingdon, and Kidlington Newly published documents reveal that more than 600 unsecured creditors will lose more than £33 million, with the case moving from administration to dissolution in June. READ MORE: Jeremy Clarkson gives update on future as he admits 'too difficult' Adele Macleod, Gavin Park and Robert Harding of Teneo were appointed joint administrators, marking the second time the company had entered administration. M&Co first entered administration during the pandemic, resulting in the loss of 47 stores and 380 jobs. The company was bought back by the founding family, but administrators were once again appointed in 2022. In their latest report,...

UK employers remain cautious about hiring, with recruitment intentions largely stagnant since spring 2025.The net employment balance – the difference between employers expecting staffing levels to rise and fall over the next three months – remains at +9, close to its lowest level outside the pandemic, according to the CIPD’s latest Labour Market Outlook.Only a quarter (26 per cent) of employers expect staffing levels to increase in the coming quarter, while 17 per cent anticipate a decrease, the survey found. 2026 labour market trends: hiring slowdown and AI disruptionLabour market to remain cool in 2026, research suggestsEntry-level job postings fall to lowest level in five years, data findsJames Cockett, senior labour market economist at the CIPD and author of the report, said the data suggested the UK labour market had "largely stopped moving". "Hiring has weakened, but redundancy levels haven't risen, leaving us in a 'low hire, low fire' environment that's increasingly looking like a 'new normal'," he said. "A stagnant labour market...

Businesses bidding for government contracts will have to meet fresh criteria over their contribution to UK jobs, local skills and opportunities for young people under new procurement rules announced by the government. The changes will double the weighting given to local community benefits in public contracts worth £5m or more, increasing it from 10% to 20%. Under the new rules, organisations bidding for government work will be assessed on their commitment to creating high-quality British jobs, tackling local skills shortages and supporting young people into apprenticeships and work placements. Bidders will be able to gain extra credit for creating local jobs that pay above the legal minimum and treat workers properly. They can also receive credit for helping to address local skills gaps through training, including 45 days of work experience. The government said the changes would specifically target support at young people not in education, employment or training (Neets), care leavers and individuals with long-term health conditions. First secretary of state Louise Haigh said:...