Nearly 30 officers and officials have reportedly left Sri Lanka’s Parliament in recent months to take up employment elsewhere, with most of those departing said to have moved to the private sector.
Dutch pension funds are preparing to sell approximately €125 billion of long-dated European government bonds over the coming years as they transition to a new retirement system, according to the Financial Times.
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The number of entry-level job vacancies in the UK has dropped sharply—falling by nearly a third—since the debut of the artificial intelligence tool ChatGPT in November 2022, according to research from job
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HSBC is considering a sweeping global policy to require employees to be in the office at least three days a week, according to a report by the Financial Times, as the banking
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The European Union is being inundated with ultra-potent cannabis, significantly increasing the risk of psychosis and other mental health disorders, according to a warning from the EU’s drugs monitoring agency. Alexis Goosdeel,
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Procter & Gamble announced plans to eliminate 7,000 jobs globally over the next two years, citing the need to cut costs and restructure its operations as it grapples with sluggish demand and
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Citigroup has cut approximately 3,500 technology jobs in mainland China, marking one of the largest downsizings by a foreign financial institution in the country in recent years. The move is part of
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The long-debated question of whether artificial intelligence will replace human labor is inching closer to reality, as new data suggests AI is already reshaping hiring patterns—particularly for new college graduates. A recent
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Global consulting giant McKinsey & Company has reduced its workforce by more than 10% over the past 18 months, marking one of the most significant staff reductions in its nearly century-long history.
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Booz Allen Hamilton, one of the U.S. government’s top consulting contractors, has announced it will cut approximately 2,500 jobs after forecasting weaker-than-expected profits, a move that sent its shares tumbling 18% in
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In an abrupt and devastating move, Next Manufacturing Pvt Ltd, a major garment exporter in the Katunayake Free Trade Zone, shut down its operations overnight on May 19th, 2025—without any prior notice—leaving
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