Tag: Cost of living

BusinessStartupsTechnology

Fall 2025 Workforce Reductions Hit Tech and Media Sectors Amid Economic Pressures

Major companies across technology and media are implementing workforce reductions this autumn, with Rivian cutting 4% of its staff amid declining EV demand. The layoffs appear part of a broader pattern affecting multiple industries as organizations navigate economic uncertainty and technological transformation.

Widespread Job Cuts Across Key Industries

October 2025 has brought another wave of workforce reductions across the technology and media sectors, with electric vehicle manufacturer Rivian reportedly eliminating approximately 600 positions, according to Wall Street Journal reports. This represents about 4% of the company’s workforce and follows previous layoffs in 2024, sources indicate.

by Darren Holt
EconomyTrade

UK Companies Issue Record Profit Warnings Amid Policy Uncertainty and Consumer Weakness

Nearly half of UK-listed companies issuing profit warnings blamed policy changes and geopolitical uncertainty, the highest proportion in over 25 years. Consumer confidence has slumped to concerning levels as businesses face mounting pressure from trade tariffs, rising costs, and weakened demand.

Record Policy Concerns Drive Profit Warnings

UK-listed companies are issuing profit warnings at an increasing rate, with a record proportion blaming policy changes and geopolitical uncertainty for their financial challenges, according to reports. Analysis from EY-Parthenon indicates that 47% of the 64 companies that issued warnings in the third quarter cited these factors as primary contributors, marking the highest level since records began more than 25 years ago.

by Mason Drayton