Tala

Layoffs · EMEA

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 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 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 (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 is cutting around 600 jobs to reduce costs amid mounting motor finance bills

Layoffs · EMEA

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.