Author: Admin
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Lloyds to shut Liverpool office
Lloyds Banking Group will shut its office in Liverpool later this year, saying the decision comes as part of broader plans to run “fewer, better-equipped” offices as it looks to cut costs. While Lloyds has not cut jobs as part of the closure, it will impact the site’s 500 staff. Around 420 staff will move…
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Meta to cut 5% of workforce and target ‘lowest performers’
Meta is preparing to cut about 5% of its global workforce, as the owner of Facebook, Instagram and WhatsApp looks to drop “low performers faster.” In a memo to staff, CEO Mark Zuckerberg said he had made the decision to speed up the company’s regular performance-based cuts in anticipation of an “intense year.” Zuckerberg said…
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WPP faces staff revolt over office policy
FTSE 100 advertising firm WPP is facing a revolt after demanding that staff return to the office. A petition calling on chief executive Mark Read to revoke the policy has secured more than 5,000 signatures. From April, staff will be required to spend an average of four days a week in the office. A spokesman…
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Women are more likely to be addicted to work, study suggests
Preliminary results of a global study led by Polish academics on work addiction – defined as the compulsive need to work or engage in work over a long period of time – suggest women are more likely to be work addicted. Australian research lead Rachael Potter from the University of South Australia said workplace culture…
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Volkswagen plans to close at least three German plants and cut thousands of jobs
Volkswagen plans to shut at least three German plants, axe tens of thousands of jobs and slash pay by 10%, Daniela Cavallo, the head of VW’s works council, has told employees. “Management is absolutely serious about all this. This is not sabre-rattling in the collective bargaining round,” Cavallo told several hundreds of employees in Wolfsburg….