Company signals
Angi
1 signal in the current window, with MitchelLake's leadership read on each.
Market context: MitchelLake's Talent Market Index sits at 113.4 (Hot), up 13.7 on the prior month; EMEA hiring signal is running steady (-1.5pts).
Angi: 1 signal in the last 90 days; 0.1% of MitchelLake's EMEA signal flow.
Signals at Angi
More signals across EMEA
Layoffs · EMEA
British Council →British Council plans to cut approximately 25% of workforce (alongside closure of 11 country offices) to manage £197m pandemic-related debt. Already reduced headcount by 2,110 FTE since April 2021; further redundancies signalled as part of turnaround plan. Organisation not expected to return to profitability until 2029/30.
Layoffs · EMEA
Kyndryl →Kyndryl is conducting multi-country workforce rebalancing with a $200 million severance charge. In the UK alone, at least 100 employees expected to leave through voluntary redundancy with 4-month pay packages, with compulsory redundancies to follow if targets not met. Affects small percentage of 73,000-person workforce.
Layoffs · EMEA
GitLab →GitLab is cutting 14% of its workforce while exiting 22 countries, reducing management layers, and investing in infrastructure to scale for AI workloads
Layoffs · EMEA
Bek Ventures →Bek Ventures (formerly Earlybird Digital East) experienced significant investment team departures with four team members leaving within a four-month period, indicating internal instability or strategic restructuring.
Layoffs · EMEA
Close Brothers →Close Brothers is cutting around 600 jobs to reduce costs amid mounting motor finance bills
Layoffs · EMEA
Gambling.com Group →Gambling.com Group eliminated 25% of workforce (~150 staff) alongside Q1 earnings announcement. Company reported $1.2M loss on flat $40.4M revenue. New CEO Kevin McCrystle cited AI-driven restructuring with 80% of new engineering code now AI-generated, targeting $13M in annualized savings. Stock fell 45% post-announcement.
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