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While BP has not provided a breakdown of job cuts by region, the company employs 16,000 staff in the UK, including 6,000 in retail fuel forecourts.
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Citigroup is midway through a global reorganization to cut 20,000 jobs, aiming to streamline operations and boost efficiency.
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Recently, Meta discontinued its U.S. fact-checking program and eased restrictions on certain sensitive topics, such as immigration and gender identity, following criticism from conservative groups.
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Critical areas expected to be affected include back-office, middle-office, and operational roles that rely on routine and repetitive tasks. Additionally, customer service functions may see increased automation.
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The scandal also raises concerns about potential abuse in corporate donation programs, highlighting how easily such initiatives can be exploited without proper safeguards.
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The end of Meta’s funding raises significant questions about the sustainability of factchecking initiatives. Many of its partners now face the challenge of finding alternative sources of funding to maintain operations.
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In 2023, Microsoft laid off approximately 10,000 employees, followed by an additional 4,000 roles being cut in 2024.
