Omnicom on Monday provided a deeper look at how its leadership and agency structure are changing following the close of its $13 billion-plus acquisition of rival Interpublic Group last week, according to a press release. The ad-holding group, now the world's largest, estimates it will eliminate another 4,000 jobs globally to realize its cost synergy targets, CEO John Wren told Adweek.
Low oil and natural gas prices are taking a toll on the industry as drilling activity is falling in Western Canada and is expected to slide further in 2026. North American oil prices remain below $60 US per barrel, after climbing to more than $80 in January. As a result, oil and gas companies are cutting costs, and total capital spending is expected to decline by 5.6 per cent this year and a further 2.2 per cent in 2026,
If it isn't you, then it's probably your neighbour, your friend, your elderly parent; trapped in an anxious, miserable limbo for months longer than they should have been, getting passed from pillar to post. The only thing we don't all know about waiting lists, it turns out, is that actually they're coming down. Barely a quarter of Britons knew waiting lists had fallen in Labour's first year in power, according to recent polling for the Health Foundation thinktank in September:
the entertainment giant was careful to mention that it has already received multiple unsolicited offers "for both the entire company and Warner Bros." We knew about WBD's plan to split back into two corporate entities, and that the company had just refused a lowball acquisition proposal from David Ellison's newly merged Paramount Skydance. But what was new and very telling was CEO David Zaslav's humblebragging about WBD's portfolio "receiving increased recognition by others in the market."
Meta is once again undergoing a major reorganization within its artificial intelligence department. Approximately 600 jobs will be lost in the company's AI division. The cuts will affect the FAIR (Fundamental AI Research) research group, the product-focused AI teams, and the infrastructure department, among others. At the same time, Meta will continue hiring staff for its new research department, the TBD Lab, which focuses on developing super-intelligent AI systems.
Germany's national carrier Lufthansa on Monday confirmed reports that it intends to cut 4,000 administrative positions by 2030. The company said it would use artificial intelligence (AI), digitalization and efficiency savings among its member airlines. The announcement comes days after another major German company, the industrial giant Bosch, said it would cut 13,000 jobs partly with the use of AI.
we're proposing some changes to the structure and ways of working which will impact around 900 colleagues, with potentially 600 colleagues leaving Sky if the proposals go ahead. This includes moving more work to our trusted global outsource partners so that we can be more flexible and responsive in how we operate.
A staffer familiar with the matter, who asked not to be identified, told The Register that the figure seems low, citing allegations that Microsoft's recent layoff notices failed to count those let go who worked remotely. "It feels like that happened here too, the reported numbers don't quite match up with what my network is saying," our source said, adding that a massive number of employees in India are being let go and that several offices may be closed.
Employers across the U.S. announced 62,075 job cuts in July, a 29% increase from June and a 140% surge over July 2024, ending the typical midsummer lull.
Government workers have important jobs that are critical to providing important services to taxpayers. If jobs are cut and those services aren't provided or aren't provided in a timely and competent way, there can be significant negative fallout.
