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Canon Middle East, Central & North Africa, UK & South Africa Layoffs

Canon Middle East, Central & North Africa, the UK, and South Africa are facing massive layoffs. After 13 years with the company, this is something I have never seen before. The new HQ leadership is pushing for maximum profit, and the result is a wave of layoffs across multiple regions.


HSBC Considers 20,000 Job Cuts Amid AI Overhaul

HSBC Holdings Plc is reportedly considering significant job cuts. Up to 20,000 roles could be eliminated over several years. This reduction is part of an AI-led overhaul strategy. Non-client facing roles in global service are expected to be most affected. No final decision has been made yet regarding these plans.

https://www.livemint.com/companies/news/hsbc-layoffs-soon-wall-street-giant-may-slash-20-000-roles-amid-ai-led-overhaul-says-report-11773883152084.html


No news in the UK

There has been nothing about layoffs in the UK yet, and I have heard nothing on the grapevine about anything in EMEA. It has NOT started.

Don't get me wrong, I want it to start, and I want to be on the list. Happy to take some cash and run.

I'm sure the storm is coming, but it is not here yet.


Any new business in the UK?

Was fortunate to get VR last year after 10 years of no pay rises and broken promises. The annual drudge of appraisals, getting feedback, self evaluation etc was mind numbing, knowing nothing would ever come out of it. My manager was worse than useless. A total waste of time who blagged and lied his way year after year. I know why people stay as it’s a cushy number and no one cares. Projects drag on and it’s amazing how clients put up with the incompetence. I’m just interested to know what actual accounts are still going in the UK. Not much on here is posted but in the last few town halls I attended there was always a ‘positive pipeline’ so just curious as to what current employees are actually working on - or more pertinent what codes are you booking time to for doing next to nothing? My last account was Defra which died a slow and painful death!


UK

Someone posted this in a different thread, it's worth exposing it here on the main page:

  • In the UK it's a legal requirement to make roles redundant, not people. However there are no formal job roles assigned, and having access immediately revoked and being escorted from the building is not commensurate with a "consultation". This is not legal, but just like the lack of WARN notices, they keep doing it.

RTO in European offices

Checking in on the global RTO rollout: I’d love to hear from colleagues in the UK and EU offices. Has your local leadership confirmed a specific Phase 2 start date yet or are local labor regulations still being navigated? It would be great to compare notes on how the transition is being handled outside the US hubs.


Bye Bye UK

https://news.sky.com/story/tpg-closes-in-on-1bn-plus-deal-for-gp-patient-records-system-supplier-13491127

TPG closes in on £1bn-plus deal for GP patient records system supplier
The buyout firm is close to buying Optum UK, which supplies the systems used by NHS doctors to manage patient records, from US giant UnitedHealth, Sky News learns.


Ireland & UK - office closures

Cork, Liverpool, Poole how are you doing? Any updates on when offices expect to close? Are any of you offered BAH contracts or relocation?

Wexford employees who are now BAH, did you get a new BAH contract where it says you may have to return to office or how is it working for you?


Even more UK gaming industry layoffs

As confirmed by parent company Thunderful Group, Coatsink will be losing around half of its total workforce, equating to 50-60 roles, all because of "a more challenging co-development market" and as "the business is currently unable to support all existing employees."

https://www.gamereactor.eu/coatsink-to-layoff-around-half-of-its-workforce-due-to-the-challenging-co-development-market-1640603/


Sales roles uk

Currently working in technical team think about a change to the sales team next year. Can I make more money ? What's its like working in sales in the UK, they seem to do well ? What are the managers like ? Can they really earn these big ote that's banded about?
Also how long do you get to get deals on ?


U.S. Layoffs Surge and Blaming AI is Part of the Smokescreen

"The update came just a few days after IBM disclosed similar job cuts. [...] He points to IBM as an example: the company cut 8,000 HR and admin positions while hiring engineers and salespeople. “That tells you where they think value lives now. Routine work gets automated. Complex work stays human.”" https://nearshoreamericas.com/u-s-layoffs-surge-and-blaming-ai-is-part-of-the-smokescreen/


CNBC / NBCUniversal Layoffs

CNBC is planning new staff cuts in its international division. About two dozen jobs may be affected, mostly in London and Singapore, with some in other cities. The layoffs are focused on the digital editorial team. Because of UK labor rules, the cuts are in a consultation period before they can be finalized.

These changes come as parent company NBCUniversal prepares to spin off most of its cable networks into a new group called Versant. Bravo will remain with NBCUniversal, but CNBC and others will move. The spinoff is expected soon and is hiring around 750 new staff. Sources say the CNBC layoffs are not directly linked to the Versant launch.

The international arm of CNBC is led by Deep Bagchee, who took over in 2024. He replaced John Casey, a long-time leader at the network. Bagchee has been guiding CNBC’s global coverage in a media world that is shifting quickly to digital.

The outcome of the consultation process will decide how many people lose their jobs. For now, CNBC is trying to cut costs while still aiming to keep its reputation as a top source for business news worldwide.

https://cordcuttersnews.com/comcast-is-laying-off-more-staff-at-cnbc/