MSFTWARNING60,000 offeredAIAMZNWATCH▼250 jobsGSKWATCH▼1,217 jobsEYWATCH▲NFLXWARNING▲1,000 jobsAXPWARNING▲3,500 jobsAIDTTWATCH▲BARCWARNING▲5,000 jobsAIEBAYWARNING▲1,100 jobsHSBAWARNINGAIKPMGWATCHRMAILWARNING▲2,500 jobsLGENWARNING1,000 jobsORCLWARNINGAIAAPLWATCHJLRWARNING4,000 jobsDGEWARNING2,000 jobsGOOGLWATCHWPPWARNING1,000 jobsAICRMWARNING59 jobsBT.ACALM▼BPCALM▼700 jobsVODCALM▼1,200 jobsCOINWATCHINTCCALM▼METAWATCH▼AIINTUWATCHGSWATCHJPMWATCHLLOYWATCH
Updated Saturday 31 October at 08:30 · 50 large employers
13 of 50 big employers are cutting jobs. 13 more show the signs.
Talent Risk watches the employers that matter most to UK careers and tells you, in plain terms, who is cutting, who might be next, and whether AI is the reason. Every rating follows a published rule, and every fact links to its source.
24,735 job cuts announced in the last 90 days · 7 companies say AI is part of the reason Counted once per announcement, only when confirmed by two reports or the company itself.
What the data says
Under most pressureTechnology5 of 14 technology employers are cutting jobs and 4 more show the signs; 9,477 job cuts announced in six months.
The AI factor6 of 13employers cutting jobs say AI is part of the reason: American Express, Barclays, HSBC, Microsoft, Oracle and 1 more.
Biggest announcement this month5,000 jobsBarclays: Barclays announced 5,000 job cuts and committed to redeploying staff to mitigate impact. Reported by 14 outlets.Moving up7 in four weeksDeloitte, EY, American Express, Barclays, eBay and 2 more have moved to a higher risk State in the last four weeks.
Longest on Warning25 weeksMicrosoft has been cutting jobs, by the rule, for 25 consecutive weeks.UK-headquartered70%of job cuts announced in 90 days came from the 29 UK-headquartered employers we watch (17,358 of 24,735).
The board
Every employer, by sector, coloured by State. The number beside each sector is its risk level (0–100, same scale as the Index). A tile shows how big its cuts are against its own workforce, and whether that is out of the ordinary for that company or business as usual.
Media & marketing100
Payments & fintech67
Technology50
Industrials & transport50
Banks & insurance41
Pharma25
Professional services25
Consumer & retail20
Telecoms0
Energy0
WarningWatchCalm2.1% job cuts announced in 90 days, as a share of the workforce! out of the ordinary for this company≈ business as usual▲▼ moved in the last four weeksAI company cites AI
Movers · last four weeks
Cutting now
TechnologyMicrosoft60,000 offered buyoutsMicrosoft offered buyouts to 60,000 workers as part of cost-cutting measures.Baseline building · 0.1% of workforceTechnologyNetflix1,000 jobsNetflix announced job cuts affecting nearly 1,000 employees, described as the company's biggest layoffs in years.Baseline building · 7.1% of workforcePayments & fintechAmerican Express3,500 jobsAmerican Express announced job cuts of 3,500 positions.Baseline building · 4.7% of workforceBanks & insuranceBarclays5,000 jobsBarclays announced 5,000 job cuts and committed to redeploying staff to mitigate impact.Baseline building · 5.6% of workforceTechnologyeBay1,100 jobseBay announced a 9% workforce reduction as part of an operational simplification initiative, according to an internal memo.Baseline building · 9.2% of workforceBanks & insuranceHSBCNumber not statedHSBC plans job cuts across its UK wealth business as part of an AI-driven efficiency push, according to Financial Times report.Baseline buildingIndustrials & transportRoyal Mail2,500 jobsRoyal Mail announced 2,500 office job cuts following Kretinsky buyout.Baseline building · 1.9% of workforceBanks & insuranceLegal & General1,000 jobsLegal & General announced workforce reduction of approximately 10% of its workforce.Baseline building · 9.1% of workforceTechnologyOracleNumber not statedOracle conducted job cuts affecting employees over 40 and middle managers disproportionately in a recent layoff round.Baseline buildingIndustrials & transportJaguar Land Rover4,000 jobsJaguar Land Rover suppliers express concerns about the carmaker's cutbacks and their impact on supply chain partners.Baseline building · 10.3% of workforceConsumer & retailDiageo2,000 jobsDiageo announced nearly 2,000 job cuts as part of an overhaul led by its leadership.Baseline building · 6.7% of workforceMedia & marketingWPP1,000 jobsWPP to cut up to 1,000 jobs by year-end 2026.Baseline building · 0.9% of workforceTechnologySalesforce59 jobsSalesforce announced cuts of 59 jobs across its Seattle and Bellevue offices.Baseline building · 0.1% of workforce
Signs of cuts
- AmazonOne major outlet reports cuts — not yet confirmedAmazon cut 250 jobs in its devices unit weeks after new product launches. 29 October 2026
- GSKOne major outlet reports cuts — not yet confirmedGSK announced plans to cut up to 1,217 jobs in Belgium as part of a three-year restructuring plan. 28 October 2026
- EYOne major outlet reports cuts — not yet confirmedEY partners received record payouts of £870,000 each following job cuts at the firm. 27 October 2026
- DeloitteOne major outlet reports cuts — not yet confirmedDeloitte announced job cuts while its chief executive received a 45% pay rise. 26 October 2026
- KPMGTrade press reports cuts — no major outlet yetKPMG UK announced cuts of 200 back office roles. 7 October 2026
- AppleTrade press reports cuts — no major outlet yetApple announced a second round of job cuts within two months, affecting an unspecified number of employees at the iPhone maker. 21 September 2026
- GoogleOne major outlet reports cuts — not yet confirmedGoogle announced reduction of 52 employees in Washington state. 6 September 2026
- Lloyds Banking GroupBosses have signalled cuts, or hiring has frozenLloyds Banking Group announced £2bn in cost cuts as part of an AI-powered strategy. 30 July 2026
- CoinbaseReported to be weighing cutsCoinbase announced a workforce reduction of approximately 14% as part of an AI-driven restructuring. 24 July 2026
- JPMorgan ChaseBosses have signalled cuts, or hiring has frozenJamie Dimon stated JPMorgan Chase will hire more AI specialists while reducing banker headcount as part of workforce reallocation. 20 July 2026
- MetaBosses have signalled cuts, or hiring has frozenReuters reports on a Meta employees' lawsuit concerning AI-driven terminations, highlighting evidentiary challenges in proving AI-based dis… 22 July 2026
- IntuitBosses have signalled cuts, or hiring has frozenIntuit CEO stated that job cuts at the company were not driven by artificial intelligence. 20 May 2026
- Goldman SachsBosses have signalled cuts, or hiring has frozenGoldman Sachs president characterized the bank as a 'human assembly line' facing automation pressures. 5 June 2026
Job cuts announced, month by month
39,535 across all 50 employers in six months. Darker red is the share where the company says AI is part of the reason.
7.6kMayStandard Chartered, Microsoft
—Jun
7.2kJulMicrosoft, Vodafone, BP
3.3kAugDiageo, WPP, Apple
5.9kSeptJaguar Land Rover, Legal & General, GSK
15.6kOctBarclays, American Express, Royal Mail
Latest on the record
Microsoft Microsoft offered buyouts to 60,000 workers as part of cost-cutting measures. AI cited
Bloomberg + 22 moreMicrosoft Microsoft to report earnings after market close amid ongoing job cuts and new cash-flow evaluation.
CNBC + 3 moreMicrosoft Bloomberg reports Microsoft's employee buyout programme could serve as a model for AI-era layoffs, suggesting the company is cons… AI cited
Bloomberg + 3 moreGSK GSK announced plans to cut up to 1,217 jobs in Belgium as part of a three-year restructuring plan.
Reuters + 3 moreAmazon Amazon engineers in Seattle criticized the company for investing in AI data centers while laying off 30,000 staff members. AI cited
CNBC + 3 moreNetflix Netflix announced job cuts affecting nearly 1,000 employees, described as the company's biggest layoffs in years.
AP + 10 more
Nothing reported
No cuts or warning signs from the company or a major outlet in the last 90 days.
Accenture · AstraZeneca · Aviva · BAE Systems · BP · BT Group · Burberry · Capita · Cisco · Citigroup · Cloudflare · Dell · IBM · Intel · NatWest Group · PwC · Rolls-Royce · Sainsbury's · Santander UK · Shell · Standard Chartered · Tesco · Unilever · Vodafone
All 50 employers by sector, with 26 weeks of history
Technology
Banks & insurance
Professional services
Payments & fintech
Industrials & transport
Pharma
Consumer & retail
Media & marketing
0
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