Image via Evening Standard Business
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Close Brothers: Layoffs
Close Brothers is cutting around 600 jobs to reduce costs amid mounting motor finance bills
Source: Evening Standard Business
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 105.8 (Hot), down 2.4 month-on-month — shows EMEA signal flow easing (-2.8pts).
Close Brothers: 1 signal in the last 90 days.
More signals across EMEA
Layoffs · EMEA
Centrica →Centrica (British Gas owner) plans 1,300 job cuts over two years, representing approximately 14% reduction in customer operations workforce
Layoffs · EMEA
Gateley →Gateley to cut approximately 40 support staff as part of cost-reduction initiative following detailed review of cost base and operating structure
Layoffs · EMEA
WSC Sports →WSC Sports, Israel-based sports AI startup, is cutting 10% of its workforce from approximately 680 employees globally (550 at Ramat Gan headquarters).
Layoffs · EMEA
Entain →Entain announced 500 job cuts (~2% of workforce) across corporate functions, product and technology teams, reversing earlier claims of no planned redundancies. Driven by UK remote gaming duty increase from 21% to 40% (April 2026) and strategic cost-cutting to offset £200m+ tax impact.
Layoffs · EMEA
Starling Bank →Starling Bank announced layoffs of 130 jobs as part of a strategic shift toward AI-driven operations
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