#london

a large number of lay offs are coming for underperforming reps and managers…. the writing has been on the wall

Swiss banking giant UBS has reportedly eliminated approximately 200 positions in its London operations. These reductions occurred over recent weeks and impacted various business divisions within the bank. The job cuts are part of UBS's ongoing integration efforts following its acquisition of Credit Suisse. Affected areas include wealth management and investment banking. Some employees may be offered alternative roles within the company.

London, United Kingdom

https://www.ndtvprofit.com/business/ubs-layoffs-banking-giant-cuts-about-200-jobs-who-will-get-affected-12285354

The fintech company Revolut has recently dismissed a number of employees. These layoffs are reportedly in line with previous workforce adjustments made by the company. The exact number of affected staff has not been disclosed. This action is part of ongoing performance-related staffing changes.

London, England

https://www.fnlondon.com/articles/revolut-cuts-dozens-of-staff-in-latest-performance-cull-149698c6

Barclays PLC is reportedly considering employee retention strategies as it prepares for significant layoffs. The banking giant is exploring options to keep key personnel in place during this period of workforce reduction. This move comes as the company faces financial pressures and aims to streamline operations. The exact number of employees affected by the impending layoffs has not been disclosed. Further details on the retention plans are expected to be released soon.

London, England

https://www.marketscreener.com/news/barclays-said-to-plan-employee-retention-options-amid-impending-layoffs-ce785cdfda8bf727

Marketing wasteful spending
or
building pipeline and interest.

Meanwhile rest of the engineering is just generating products that are not any different, if not worse, than other vendors.

Stripe's London operations saw a significant increase in employees last year, adding 52 new staff members. This expansion occurred even as the global fintech company implemented workforce reductions. Despite the overall headcount growth in London, average total compensation decreased due to a substantial drop in equity pay. However, base salaries for London employees did see an increase. The company's UK entity experienced an 18% rise in staffing.

London, England

https://www.efinancialcareers.com/news/stripe-london-pay

Has anyone heard credible information about rumours that the London office may close in 2–3 years when the lease expires, similar to what happened with the Australia office (skeleton team)?

Would appreciate any insight.

I joined Citibank London very recently. Just last week my director announced that they’re leaving the team as part of a new org structure and our team will be reporting to a new director.
I’m worried if this could be a prelude to layoffs. Does anyone know of any news in London?

London, Ontario, now has Canada's highest unemployment rate. The region lost approximately 1,800 jobs in April. Nationally, Canada unexpectedly lost 17,700 jobs last month. Full-time positions decreased by over 46,000 nationwide. Economists view London's crisis as a warning for Canada's industrial economy.

https://easternherald.com/2026/05/10/canada-jobs-crisis-ontario-unemployment-surges/

A&O Shearman is streamlining operations. The firm is cutting business services roles in its London office. Approximately 20 positions are impacted. These cuts primarily affect IT, finance, and marketing teams. This follows previous headcount reductions in 2024.

London

https://abovethelaw.com/2026/05/more-post-merger-layoffs-come-to-ao-shearman/

Universal Music Group's Mercury Studios laid off several staff. MD Kelly Sweeney and other senior staff exited the company. Mercury Studios is based in London. The studio produces music documentaries and live concert recordings. These layoffs reflect a contraction in the documentary and TV production sectors.

https://deadline.com/2026/03/layoffs-universal-music-group-mercury-studios-1236744728/

Employees at BIG's London office are protesting today. This action responds to proposed mass layoffs at the firm. A major project, employing half the London staff, was recently terminated. Up to 72 of 160 workers face redundancy as a result. The Unite trade union supports the employees and criticizes BIG's conduct.

https://www.dezeen.com/2026/02/03/big-staff-protest-london/

London, England

London City Council overrode Mayor Randall Weddle's vetoes on Tuesday. This included an amended budget ordinance. The new budget could lead to 87 city employee layoffs. Affected employees are filing a wrongful termination lawsuit. The budget changes are set to take effect next Thursday.

https://www.wkyt.com/2025/12/30/london-mayor-city-council-clash-over-budget-employees-face-layoffs/

Confirmed, saw a couple of ex colleagues on Linkedin being laid off recently from SAP Fieldglass, QA Team, based in London

https://www.reuters.com/business/finance/citis-london-office-overhaul-costs-hit-15-billion-2025-09-14

https://www.efinancialcareers.com/news/citi-london-cuts