Central Bank

Layoffs · EMEA

Royal London reportedly plans to cut hundreds of UK IT jobs and shift technology operations work to India under an outsourcing partnership with IBM, with redundancies expected by end of December. The exact number of roles at risk is unconfirmed; the company has confirmed the IBM partnership but not the job numbers.

Layoffs · EMEA

Central bank plans to cut up to 140 roles as part of a cost-reduction drive targeting €75m in savings, with €26m aimed at payroll costs to be achieved by 2030.

Layoffs · EMEA

Angi has carried out layoffs, which a Seeking Alpha analysis calls a good first step but insufficient to fix the business.

Layoffs · EMEA

Following its completed acquisition of Moore Barlow, Knights Group has made around 150 business services roles redundant, including hiring managers, compliance officers and receptionists. Lawyer roles were not affected.

Layoffs · EMEA

VMO2 is reportedly planning to cut thousands of jobs (around 4,000 per Sky News) as part of cost reduction to address a debt load of about £22bn. Cuts are expected to fall mainly on non-customer-facing roles, with contractors and suppliers also under review. The company was expected to announce cost-reduction targets in its Q3 results.

Layoffs · EMEA

Hello Sunshine, recently re-acquired by co-founder Reese Witherspoon alongside France-based Mediawan, is laying off about half its staff (around 30 workers), per Deadline.