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Manufacturing
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British Steel set to axe 800 workers

British Steel, the Chinese-owned operator of the giant Scunthorpe steelworks, is planning to lay off 800 workers, about a quarter of the workforce.

On October 28, 2021, Mark Zuckerberg wrote a founder’s letter to outline the brand’s decision to change its name to Meta, suggesting this phase as being the beginning of the next chapter for the internet.
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Bullish Meta boosted by sales outlook

Meta Platforms, owner of Facebook and Instagram, reassured Wall Street that its sales were holding up better than feared last night after its profits more than…

Tech Nation, the government-backed agency that has helped 5,000 technology companies to develop and grow, is closing its doors at the end of March, saying that it cannot continue without government funding.
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Tech Nation to close as funding is sent to Barclays

Tech Nation, the government-backed agency that has helped 5,000 technology companies to develop and grow, is closing its doors at the end of March, saying that…

PayPal announced plans to lay off about 2,000 employees, reducing its global workforce by 7 per cent, as it became the latest technology group to cut costs ahead of an expected slowdown.
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PayPal plans to lay off 2,000 staff

PayPal announced plans to lay off about 2,000 employees, reducing its global workforce by 7 per cent, as it became the latest technology group to cut…