Topic
jobs
Manufacturing Jaguar Land Rover to cut hundreds of jobs after £1.9bn cyber attack loss
Jaguar Land Rover (JLR) has announced a limited redeployment and displacement programme expected to result in fewer than 300 salaried and management job losses. The cuts follow a severe cyber attack in September 2025 that halted all manufacturing for five months, caused a 27% drop in production, and cost the company an estimated £1.9bn.
Former DOGE Staffers Take Senior Roles at Prediction Market Firms Polymarket and Novig
Prediction market giants Polymarket and Novig have hired former Department of Government Efficiency (DOGE) affiliates Jonathan Mendelson and Elie Mishory, respectively. Mendelson joined Polymarket as a senior strategic executive, while Mishory became chief regulatory and legal affairs officer at Novig. The hires come amid intense regulatory scrutiny of prediction markets.
Technology Indian IT sector's fresher hiring crisis deepens as AI reshapes demand for talent
India's IT sector is drastically cutting fresher hiring, with delayed onboarding and a shift toward AI, data, and cybersecurity skills. Freshers now account for just 15% of hiring, down from 28% a few years ago, as companies prioritise demand-led, skill-based recruitment over volume-driven campus intakes.
Technology GenAI to Reshape Indian Workforce, Global Capability Centres to Cushion Job Impact: Goldman Sachs
A Goldman Sachs report estimates that generative AI could automate 9-17% of tasks in India's non-agricultural workforce over the next decade. While 8-12% of jobs face substitution risk, 42-48% may be augmented. Global capability centres have added nearly 700,000 employees, offsetting job cuts at major IT services firms.
Technology AI Is Coming for Accounts Receivable’s Busywork, Not Its Jobs, Says FreightTech CEO
Stuut CEO Tarek Alaruri discusses how AI automates accounts receivable in freight brokerage, cutting overdue invoices by 40% by unifying previously siloed processes across the order-to-cash lifecycle.
Manufacturing Food Products Create Most Jobs Among PLI Sectors with Lowest Investment, Government Data Shows
According to government data shared in Parliament, the production linked incentive (PLI) scheme has generated the most direct jobs in food products, despite relatively low investment. The food sector added nearly 3.3 lakh jobs with Rs 9,200 crore investment, while electronics manufacturing created 1.7 lakh jobs with Rs 20,580 crore. High-skill sectors like solar PV modules and specialty steel created far fewer jobs per rupee invested.
Technology Harsh reality for H-1B visa returnees: Changed Indian IT hiring landscape, lower salaries and fewer jobs
H-1B visa holders returning to India amid US layoffs and tighter immigration policies are encountering a dramatically changed IT hiring landscape. With active tech job openings down 17% year-on-year and compensation often far below US levels, returnees must adapt to a market that prizes specialised AI, cloud, and cybersecurity skills. Global Capability Centres in Bengaluru, Hyderabad, and Gurugram offer some hope, but experts say the shift is structural, not cyclical.
Manufacturing Avio Smart Market Stack signs Tripura MoU for freeze-drying plant, targets 1,300 jobs
Avio Smart Market Stack Limited signed a Memorandum of Understanding with the Government of Tripura to set up a freeze-drying facility for fruits and vegetables. The project is expected to create 1,300 jobs (500 direct, 800 indirect) and aims to reduce post-harvest losses and strengthen the state's horticulture value chain.
Technology Spain's Submer Invests $2 Billion in Madhya Pradesh Semiconductor Sector, Eyes 5,000 Jobs
Spain's Submer Group announced a $2 billion investment in Madhya Pradesh's semiconductor industry at the MP Tech Growth Conclave 3.0, expected to create nearly 5,000 direct jobs. The state government allotted 15 acres in Acharpura for a data centre project. Submer also plans to expand its liquid cooling solutions manufacturing and skill development programmes in India.
Business From Inflation to Mortgage Rates: Key Movements in the US Economy's Weekly Report Card
The US economy saw mixed signals this week: inflation accelerated to a three-year high, consumer spending slowed, but GDP growth beat expectations and layoffs remained low. Apple raised prices on Mac and iPad models due to AI-driven memory chip shortages. Mortgage rates ticked up slightly, while jobless claims fell below forecasts.
Business Consumer firms to create nearly 5,000 jobs in 2 years as India outshines global markets
Leading consumer companies including PepsiCo, McDonald's, L'Oreal, Haleon, Carrier Global, Carlsberg, and Dabur are creating nearly 5,000 new jobs in India over the next two years through new manufacturing facilities and global capability centers, reflecting strong confidence in India's robust consumer market and talent pool.
World Cup Fails to Boost US Hospitality Jobs as Sector Sheds 61,000 Positions in June
US hospitality employment declined by 61,000 in June, contradicting expectations of a World Cup jobs boom. Overall nonfarm payrolls rose by 57,000 and unemployment edged down to 4.2%, according to the Bureau of Labor Statistics.
Business US Adds Just 57,000 Jobs in June as Hiring Slump Signals Cooling Labor Market
The US added only 57,000 jobs in June, far below May's revised 129,000, signaling a loss of hiring momentum. Unemployment eased to 4.2%, but labor force participation fell. Sector performance diverged sharply, with leisure and hospitality losing 61,000 jobs while professional services and healthcare added. The Federal Reserve held rates at 3.5-3.75% as inflation remains above target.
Technology Trimble AI Chief Predicts 'Job Apocalypse' in Logistics Back Offices
Trimble's Chief Platform Officer Jonah McIntyre predicts a 'job apocalypse' in logistics back offices as AI automates screen-based roles. The company leverages its 65% U.S. over-the-road capacity footprint and AI-driven development to launch a build-to-order TMS for small carriers, while pursuing a 'maximum interoperability, minimum interdependence' integration strategy.
Logistics Shipping Career Course Launched to Tackle Industry Recruitment and Communication Problems
Panos Patsadas, global chartering manager at Trans Global Projects, has launched a seven-part online lecture series called 'A Career in Shipping' to address the industry's recruitment and communication problems. The £750 ($990) course aims to provide facts-based guidance, debunk myths about connections and quick wealth, and help participants decide if a maritime career is right for them.
Gousto to close Lincolnshire warehouse, 290 jobs at risk as meal-kit firm consolidates
Gousto will close its Clay Lake warehouse near Spalding, Lincolnshire, affecting 290 jobs. The company is consolidating production at its Warrington facility in Cheshire, where 600 people work, citing inefficiency and duplication. CEO Timo Boldt described the decision as difficult but necessary in a competitive food market.
Business West Bengal Budget 2026: BJP's First Spending Plan Offers DA Hike, 1 Lakh Jobs and Rs 36,000 Crore Women's Scheme
West Bengal's first BJP government budget, presented by Finance Minister Swapan Dasgupta, includes a 20 percentage point DA hike (to 38%), 1 lakh government job recruitments, and a Rs 36,000 crore direct cash transfer scheme for women (Annapurna Yojana). The budget also outlines infrastructure projects such as an elevated corridor in Kolkata and a deep-sea port, while acknowledging a debt burden of Rs 8.15 lakh crore.
Business People Starting New Jobs at Lowest Level in Five Years, ONS Data Shows
The number of people starting new jobs in the UK has fallen to its lowest level in five years, according to the Office for National Statistics. The data, covering the three months to April, shows vacancies continuing to decline and employers growing more cautious, although the unemployment rate edged down to 4.9%.
Business BBC Business Daily Explores AI-Resistant Jobs, US-China Economy, and Toy Story 5 Prospects
In the latest BBC Business Daily episode, host Rahul Tandon, Rebecca Choong Wilkins, and Walter Todd examine jobs resilient to AI, the economic challenges facing the US and China, and the box-office outlook for Toy Story 5. The discussion highlights skilled trades like plumbing as offering greater job security.
Logistics Freight Distress Report: More Carriers Shut Down, Logistics Firms Cut Jobs Across US
A new wave of bankruptcies and layoffs swept through US transportation and logistics from June 5 to June 15, 2026. Notable filings include Triple RRR Carriers (Chapter 7) and Expeditors International cutting ~230 technology jobs. The distress underscores elevated operating costs and financing challenges.
Commodities UK offshore wind workforce must double to 94,000 by 2030 to meet clean power targets, ORE Catapult report warns
A new report from ORE Catapult warns the UK offshore wind workforce must nearly double from 40,000 to between 75,000 and 94,000 by 2030 to achieve the country's clean power targets. The report, 'Workforce Foresighting for Offshore Wind 2030-2035', identifies critical skills shortages and proposes a shift to a 'leading' education model to anticipate future needs.
Technology Half of workers worry AI will still take their job as agent usage soars 90% in a year
New data from GMB Union reveals nearly half of UK workers worry AI will take their job, amid a 90% year-over-year increase in AI agent usage reported by Stack Overflow. Despite growing adoption, most organisations still require human oversight for autonomous agents, and concerns about accuracy and security persist.
Logistics Amazon's £1bn UK Investment to Boost Logistics and Jobs
Amazon is investing £1 billion in the UK, creating 4,000 jobs with new facilities in Northampton and Kettering. This expansion aims to enhance logistics efficiency and support the UK's economy.
Technology AI's Role in Transforming Supply Chains: Insights from Meta
Naomi Gleit, Meta's longest-serving employee, discusses the transformative impact of AI on supply chains. She highlights Meta's strategic initiatives and the broader implications for global trade.
Business Indian Entrepreneurs Drive U.S. Unicorn Growth
Indian-origin entrepreneurs are pivotal in the U.S. startup ecosystem, founding 96 unicorns, more than any other immigrant group. This trend challenges the narrative of immigrants taking jobs, highlighting their role in innovation and economic growth.
Logistics Trucking Jobs Decline in May, Reversing April Gains
Trucking jobs in the U.S. declined by 4,400 in May, reversing the gains seen in April. This fluctuation highlights ongoing volatility in the logistics labor market, affecting freight forwarders and logistics managers.
Logistics Freight Distress: Over 600 Jobs Lost Amid Bankruptcy Surge
The freight industry is experiencing significant distress with over 600 job losses due to a surge in bankruptcies. Companies across the U.S. are filing for Chapter 11 and Chapter 7, affecting logistics and transportation sectors.
Commodities India's Clean Energy Ambitions to Boost Job Market
India's ambitious target of 500 GW non-fossil fuel capacity by 2030 is set to generate over 44 lakh jobs, with rooftop solar being the largest contributor. The study by CEEW and NRDC India highlights the employment potential and gender imbalance in the sector.