economy

"Zombie companies are likely to be early casualties of rising interest rates. However, if their demise frees up staff and properties for use by more profitable companies, the long run effect could be a boost to UK productivity..."

Twilio is the latest technology company to aggressively cut staff – culling up to 900 jobs in what CEO Jeff Lawson described in a letter to employees as a “wise and necessary” move following undisciplined growth. “We’ve made the extremely difficult decision to restructure and reduce Twilio’s workforce by

Retail, consumer goods and communications and media most impacted so far...