Bank of England accelerates Leeds expansion as part of cost-cutting overhaul
The Bank of England is accelerating the expansion of its Leeds operation as part of a wider drive to cut costs, reduce headcount and overhaul its London estate.Under new plans approved by the Bank’s court of directors, half of all
Amazon set to cut thousands more jobs as AI overhaul accelerates
Amazon is preparing to cut thousands more jobs as part of a sweeping overhaul driven by artificial intelligence and internal restructuring, according to reports.The world’s largest retailer is expected to announce a second round of layoffs as soon as next
Juspay raises $50m at $1.2bn valuation to accelerate global payments expansion
Juspay has secured $50 million in fresh funding from WestBridge Capital, valuing the business at $1.2 billion and strengthening its push to expand globally as demand for enterprise-grade payment infrastructure accelerates.The Series D follow-on round comprises a mix of primary
Preply raises $150m at $1.2bn valuation to scale human-led, AI-enhanced learning
Preply has raised $150 million in a Series D funding round led by WestCap, valuing the global language learning marketplace at $1.2 billion and marking its transition into unicorn territory.The round, for which Goldman Sachs International acted as sole placement
Labour urged to raise private pension access age to curb early retirement
Labour has been urged to stop workers accessing their private pensions from the age of 55 in an effort to curb early retirement and tackle rising unemployment, according to a leading think tank.The Resolution Foundation, which has close links to
Calling colleagues ‘old’ over IT skills is not age discrimination, tribunal rules
Calling a colleague “old” because they struggle with computer skills does not, on its own, amount to age discrimination, an employment tribunal has ruled.The decision came in the case of Farah Janjua, 39, who brought claims against her former employer,
Mike Lynch superyacht builder sues widow for £400m over Bayesian sinking
The builder of the superyacht Bayesian, on which British technology entrepreneur Mike Lynch died, has launched a £400 million legal claim against his widow, alleging that the tragedy caused a catastrophic collapse in its sales.The Italian Sea Group (TISG) has