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Apple employees could receive yearly bonuses as cost-cutting continues

Apple Office

Apple is putting off regular bonuses for corporate units and freezing hiring as part of its ongoing cost-cutting measures.

Sources in the tech giant said the move would limit the frequency of bonuses for a section of Apple’s corporate staff.

Apple plans to tighten its belt by pausing hiring and not replacing employees who leave the firm.

Read More: Apple chief Tim Cook insists on massive pay cut after shareholder pushback

Apple used to give out bonuses and promotions once or twice a year, depending on the department.

Those bonuses were usually in April and October. 

The group will not get bonuses or promotions under the new scheme, and all divisions will switch to an annual schedule, with payments happening only in October.

Most of Apple’s units had already changed to a once-a-year schedule for bonuses and promotions, including software engineering and services.

Read More: Semiconductor maker Micron cuts 480 jobs and suspends bonuses

But employees in operations, corporate retail, and other departments were still on the outgoing biannual plan.

Apple started efforts to reduce costs last July when spiraling prices and recession fears pushed it to adopt a more cautious approach.

Unlike its peers, Apple has avoided mass job cuts, instead focused on curtailing budgets, limiting headcount goals, and freezing hiring in various divisions.

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Staff will still get their full bonuses, but just in one installment rather than two.

But the shift may surprise employees, especially since Apple hasn’t offered any prior notice in some cases.

Workers frequently rely on such bonuses to supplement their budgets.

The move may also help keep staff who had intended to depart the firm after collecting their April payout.

Engineers, non-managers, and mid-level managers are affected, while senior personnel at the director level and beyond are not.

Source: Bloomberg

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UK Amazon workers strike again in row over pay


Amazon workers in Coventry distribution centre are on strike again, marking the halfway point of a historic week-long strike.

More than 500 GMB Union members at Amazon Coventry are now on strike after walking out in protest after being offered a 50p per hour pay increase.

Today’s event includes music, big screens, and speakers including GMB General Secretary Gary Smith, begins at 17:30 at Lyons Park.

Read More: Amazon could face numerous lawsuits over alleged competition law breaches

GMB Union supposes the industrial action to cost Amazon more than £2 million.

GMB senior organiser, Amanda Gearing said: “We’ve had amazing support from members of the public and working people around the world for this strike, they’ve donated thousands of pounds towards the strike fund.

Read More: Amazon wins class action lawsuit over remote work expenses

“Workers at Amazon Coventry have been joining GMB in droves, with more than 500 now involved in the strike.

“This rally is an opportunity for people to stand shoulder to shoulder with Amazon workers taking on one of the globe’s wealthiest companies.

“It’s sickening that Amazon workers in Coventry will earn just 8 pence above the NMW in April 2023.

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“Amazon bosses can stop this industrial action by doing the right thing and negotiating a proper pay rise with workers.”

Source:   Retail Gazette

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UK retail jobs fall by 14,000 as companies struggle to balance the books


The number of jobs in the UK retail sector fell by 14,000 year-on-year in the fourth quarter of 2022, new research reveals.

According to ONS data, retail vacancies were 92,000 in the fourth quarter, 10.7 percent lower than in the same period in 2021.

Read More: Violence and abuse of UK retail staff doubles as cost of crime tops £1.76 billion

The British Retail Consortium attributed the decline in retail jobs to pressures to cut operational costs amid a drop in spending.

BRC chief executive, Helen Dickinson said: “Low consumer confidence and falling sales volumes meant many retailers were more cautious in hiring additional workers in the run-up to Christmas.

“This was compounded by the need to keep operational costs – and therefore prices – down during the cost-of-living squeeze. This has contributed to the lowest Q4 average retail jobs numbers in over a decade. Not all retail roles have been affected, as ongoing digital transformation has led to the creation of many new well-paid and exciting jobs.

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“However, this transformation is held back by the inflexible Apprenticeship Levy system that restricts the breadth of training that employers can offer.

“The Chancellor must use the Budget to reform the Levy and unlock business investment in upskilling employees and creating thousands of more apprenticeship opportunities across the country. With Levy reform, retail can equip itself with a workforce with skills fit for the future, leading to better wages, increased productivity, and stronger economic growth.”

SourceRetail Gazette

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Teachers, junior doctors and Tube staff hold strikes on Budget day


Hundreds of thousands of workers are holding strikes to coincide with the Chancellor’s Spring Budget.

It is thought the strikes on Wednesday, March 15, could be the biggest walkout since the current wave of industrial action began.

Picket lines will be set up across the country to coincide with the chancellor’s budget, as teachers, university lecturers, civil servants, junior doctors, London Underground drivers, and BBC journalists remain dissatisfied with issues such as pay, jobs, pensions, and working conditions.

Commuters in London have been told that there will be “little or no service” on the Tube due to a strike by members of Aslef and the Rail, Maritime and Transport (RMT) unions.

Read More: More NHS strikes as thousands of junior doctors walkout over pay

The British Medical Association’s junior doctors will also continue their three-day walkout over pay, which began on Monday.

And members of the National Union of Journalists working at BBC Local across England will go on strike for 24 hours, due to a dispute over programme cuts.

Read More: RMT union suspends Network Rail strikes later this month after new pay offer

Public and Commercial Services union General Secretary Mark Serwotka warned the action is just the start of a series of strikes that could last until the end of the year.

He said: “On budget day we’re asking Chancellor Jeremy Hunt to give our hard-working members a fair pay rise,”

“We’ve been given a 2 percent pay rise when food inflation was 16 percent last week.

“40,000 civil servants use food banks and 45,000 claim in-work benefits because they’re so poor.

Read More: National Express drivers vote to strike over pay

“The government can stop these strikes today by putting money on the table for our members.”

“Shamefully, ministers don’t seem interested in giving their own employees a fair pay rise to help them through the cost-of-living crisis and beyond.”

Mary Bousted and Kevin Courtney, joint general secretaries of the National Education Union, said: “We do not want to go on strike – we want to be in the classroom, teaching and supporting children and young people.

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“It continues to be a regret that our members have to take strike action, but we know that parents and the public understand the gravity of the situation around school funding and teacher recruitment and retention.”

Education Secretary Gillian Keegan said in an open letter to parents: “This industrial action will mean more disruption to children’s education and to your lives too – whether that’s work, arranging childcare or changing other plans.

“I am extremely disappointed that many young people will once again miss invaluable time learning with their teachers and friends, particularly after their education was significantly disrupted during the pandemic.”

SourceSky News

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Mirror and Express publisher Reach warns up to 420 staff at risk of redundancy

Reach PLC logo

Reach, the publisher of The Mirror and Daily Express newspapers says up to 420 employeesare at risk of redundancy as part of a continuing cost-cutting drive.

Reach owns hundreds of regional newspapers such as the Birmingham Mail, Liverpool Echo, and Manchester Evening News and has been fighting rising inflationary costs.

The company has also seen a drop in print advertising as the UK economy falters.

Read More: Getir rumoured to be cutting more than 200 jobs

The move comes just weeks after the publisher announced a £30 million cost-cutting drive.

The cuts follow disappointing print and web advertising sales during last year’s World Cup and holiday season.

The newspaper group, which also owns the Daily Star and a network of regionally focused news websites like Glasgow Live and Hampshire Live, said it is reviewing spending across the board due to higher inflationary costs.

Read More: Frasers Group cuts 90 jobs at former JD Sports brands

Reach said 420 affected employees, including 192 journalists, were informed of their potential redundancy on Tuesday.

Resignations, job transfers, and redeployments among this group of workers, according to Reach, would reduce the number of redundancies.

The company, which employs approximately 4,000 permanent staff in the UK and Ireland, stated that 80 journalists have been laid off as a result of previously announced job cuts this year.

Read More: Metnor Construction loses all 80 staff after collapsing into administration

The publisher is also heavily investing in a digital operation in order to enter the US market.

The announcement of new job cuts at Reach was dubbed a “major blow to staff” by the National Union of Journalists (NUJ), as it came just two weeks after the completion of the redundancy process announced in January.

Laura Davison, the NUJ’s national organiser, said: “As the company seeks to make good on its commitment to cut costs by £30m this year, it is our members who are yet again feeling the pain.

“Our objective in this process will be to support our members who have been buffeted every which way by the business since the new year.”

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The NUJ is calling on Reach to “mitigate the impacts” of the latest announcement.

A spokesperson for Reach said: “With the current market headwinds we are facing we have had to take decisive action to review costs across the entire business including print production, energy sourcing, external suppliers, as well as, regrettably, the size of some of our teams.”

Reach reported earlier in March that its operating profit in 2022 was £106 million, a 27 percent drop from from the previous year.

Reach has also announced that the first articles written using artificial intelligence have been published on its local news site, but the company’s CEO has stated that journalists should not be concerned that they will be replaced by machines.

SourceThe Guardian

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Facebook parent Meta plans for another 10,000 layoffs

Facebook parent Meta

Facebook owner Meta has announced 10,000 job cuts in its second round of layoffs.

The company’s recruiting team will be hit this month, followed by tech and business groups in April and May.

The second round of staff reductions are part of what CEO Mark Zuckerberg calls 2023 the “year of efficiency.”

Read More: Meta rumored to be planning latest batch of job cuts after losing 11,000 employees

In November, Meta axed over 11,000 employees or about 13 percent of its workforce.

In a memo, Zuckerberg said Meta plans to close about 5,000 unfilled job vacancies.

The Facebook parent will also end an analysis of its hybrid return-to-office model this summer, which started testing last March.

Mr. Zuckerberg is laying off staff after years of rapid hiring, as his firm stuffed workers at the Meta-owned app Whatsapp.

Read More: Facebook owner Meta plans to launch rival to challenge Twitter

The November layoffs largely targeted the business units and recruiting teams and Mr. Zuckerberg warned of further downsizing.

On an earnings call in February, the CEO said he didn’t want the firm to be swamped with a layer of middle management, or “managers managing managers.” 

He accepted the blame for the previous job losses, mentioning his eagerness to expand headcount during the pandemic surge.

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Meta’s layoffs are part of a spate of staff cuts from the Big Tech companies. 

In recent months, Amazon, Google, Microsoft, Salesforce, and others have also said they are shrinking their ranks.

Some firms have boosted the number of people they are culling after initial announcements. 

Source: The New York Times

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