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Any idea about redundancies/layoffs at London?

I joined Citibank London very recently. Just last week my director announced that they’re leaving the team as part of a new org structure and our team will be reporting to a new director.
I’m worried if this could be a prelude to layoffs. Does anyone know of any news in London?

#LayoffRumor #London #OrganizationalChange

London, Ontario, Leads Nation in Jobless Rate

London, Ontario, now has Canada's highest unemployment rate. The region lost approximately 1,800 jobs in April. Nationally, Canada unexpectedly lost 17,700 jobs last month. Full-time positions decreased by over 46,000 nationwide. Economists view London's crisis as a warning for Canada's industrial economy.

https://easternherald.com/2026/05/10/canada-jobs-crisis-ontario-unemployment-surges/

#Unemployment #Canada #Economy #London #Job

A&O Shearman Reduces London Staff Roles

A&O Shearman is streamlining operations. The firm is cutting business services roles in its London office. Approximately 20 positions are impacted. These cuts primarily affect IT, finance, and marketing teams. This follows previous headcount reductions in 2024.

London

https://abovethelaw.com/2026/05/more-post-merger-layoffs-come-to-ao-shearman/

#Cuts #DepartmentClosure #HeadcountReduction #Layoffs #London

Universal Music Group Subsidiary Mercury Studios Reduces Staff

Universal Music Group's Mercury Studios laid off several staff. MD Kelly Sweeney and other senior staff exited the company. Mercury Studios is based in London. The studio produces music documentaries and live concert recordings. These layoffs reflect a contraction in the documentary and TV production sectors.

https://deadline.com/2026/03/layoffs-universal-music-group-mercury-studios-1236744728/

#Layoffs #London

BIG London Employees Protest Job Cuts

Employees at BIG's London office are protesting today. This action responds to proposed mass layoffs at the firm. A major project, employing half the London staff, was recently terminated. Up to 72 of 160 workers face redundancy as a result. The Unite trade union supports the employees and criticizes BIG's conduct.

https://www.dezeen.com/2026/02/03/big-staff-protest-london/

London, England

#Layoffs #Union #London #UnitedKingdom

London Council Overrides Mayor's Veto, Threatens Layoffs

London City Council overrode Mayor Randall Weddle's vetoes on Tuesday. This included an amended budget ordinance. The new budget could lead to 87 city employee layoffs. Affected employees are filing a wrongful termination lawsuit. The budget changes are set to take effect next Thursday.

https://www.wkyt.com/2025/12/30/london-mayor-city-council-clash-over-budget-employees-face-layoffs/

#Budget #Lawsuit #Layoffs #London #WrongfulTermination