Employment 23 January 2026 - 20 March 2026

Epic Games Layoffs Show Fortnite’s Slowdown Is Hitting the Wider Video Game Industry
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Epic Games Layoffs Show Fortnite’s Slowdown Is Hitting the Wider Video Game Industry

Epic Games laid off over 1,000 employees, about 20% of its staff, on March 24 after Fortnite engagement and playtime dropped sharply. CEO Tim Sweeney cited falling growth, weaker spending, and rising costs. Research firm Ampere Analysis said Fortnite’s peak monthly active players on PlayStation and Xbox fell 28% from 2023. Roblox surpassed Fortnite in average playtime and daily visits for the first time.
March 28, 2026
HSBC Share Price Rebounds After 20,000 Job-Cut Report, but AI Push and Middle East Risks Loom
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HSBC Share Price Rebounds After 20,000 Job-Cut Report, but AI Push and Middle East Risks Loom

HSBC shares rose about 1% in London on Friday after a 3.1% drop Thursday, following reports the bank may cut up to 20,000 jobs, or roughly 10% of its workforce. The cuts would align with CEO Georges Elhedery’s restructuring strategy, as investors weigh cost reductions and AI investments against risks from Middle East instability and higher UK rates.
March 20, 2026
Primark Raises Pay to £13 for Great Britain Staff, Expands Repair Service as Retail Wage Race Intensifies
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Primark Raises Pay to £13 for Great Britain Staff, Expands Repair Service as Retail Wage Race Intensifies

Primark will raise pay for over 27,000 retail workers in Great Britain to at least £13 an hour from April 1, with London staff earning at least £13.71. The company also expanded its clothing-repair service to three stores after a successful Manchester pilot. The pay hike comes as British retailers face higher labour costs and weak sales, with Primark’s like-for-like sales down 2.7% in the 16 weeks to Jan. 3.
March 18, 2026
Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions
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Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions

Morgan Stanley has cut about 2,500 jobs across all divisions, roughly 3% of its workforce, according to the Wall Street Journal. The layoffs began last week and peaked Wednesday. The bank did not immediately comment, and Reuters could not independently verify the report. Roles affected include private bankers, back-office staff, and some mortgage-related positions.
March 5, 2026
Ocado job cuts: 1,000 roles to go in £150m shake-up as shares slide
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Ocado job cuts: 1,000 roles to go in £150m shake-up as shares slide

Ocado will cut about 1,000 jobs, mainly in UK technology and support roles, to save £150 million and steady cash flow. The UK grocery joint venture with Marks & Spencer is unaffected. Shares dropped sharply after the announcement. Ocado reported a 59% rise in underlying earnings to £178 million but faces pressure after partner warehouse closures in North America.
February 26, 2026
CBA share price today: Commonwealth Bank stock edges up after A$90m AI plan as union flags 300 job cuts
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CBA share price today: Commonwealth Bank stock edges up after A$90m AI plan as union flags 300 job cuts

CBA shares closed up 0.1% at A$178.68 after announcing a A$90 million AI workforce program, as the Finance Sector Union said 300 jobs would be cut. Westpac rose 0.7% and ANZ gained 0.48%. Australia’s January inflation held at 3.8%, with markets pricing an 80% chance of a May rate hike. The S&P/ASX 200 ended at a record 9,128.30, up 1.17%.
February 25, 2026
Micron’s $24 billion Singapore chip bet: 1,600 jobs and NAND output pencilled in for 2028
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Micron’s $24 billion Singapore chip bet: 1,600 jobs and NAND output pencilled in for 2028

Micron will invest $24 billion to build a new NAND flash memory wafer fab in Singapore, with production set to begin in the second half of 2028 and about 1,600 jobs to be created. The facility will add 700,000 square feet of cleanroom space to Micron’s existing complex. Analysts warn tight memory supply may persist through 2027, despite increased output from Samsung and SK Hynix.
January 27, 2026