Vacuum cleaner manufacturer Dyson to cut around 1,000 jobs in the UK

Vacuum cleaner manufacturer Dyson to cut around 1,000 jobs in the UK


A selection of vacuum cleaners sit in the reception area at the Dyson Group campus in Malmesbury, U.K., on Wednesday, Sept. 26, 2018.

Bloomberg | Bloomberg | Getty Images

Vacuum cleaner manufacturer Dyson is set to cut around 1,000 jobs in the U.K. as part of a review of its business.

The company, best known for its vacuum cleaners and hair dryers, currently employs 3,500 people in the country.

“We have grown quickly and, like all companies, we review our global structures from time to time to ensure we are prepared for the future. As such, we are proposing changes to our organization, which may result in redundancies,” Dyson’s CEO Hanno Kirner said in a statement emailed to CNBC.  

“Dyson operates in increasingly fierce and competitive global markets, in which the pace of innovation and change is only accelerating. We know we always need to be entrepreneurial and agile – principles that are not new to Dyson.”

The company said that people whose jobs are at risk would be supported through the process.

 This is a breaking news story. Please refresh for updates.



Source

Hims & Hers falls 8% after Novo’s legal threat. Here’s the latest
World

Hims & Hers falls 8% after Novo’s legal threat. Here’s the latest

Rafael Henrique | SOPA Images | AP The stock of Hims & Hers dropped in premarket trading early Friday after a legal threat from Novo Nordisk. The online teleheath company announced on Thursday plans to launch a cheaper, copycat version of Novo’s weight loss pill, prompting Novo to take legal action. Hims stock spiked as […]

Read More
Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles
World

Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles

Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively. The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific […]

Read More
Anduril founder says U.S. can spend billions less on defense: ‘We spend too much money on the wrong thing’
World

Anduril founder says U.S. can spend billions less on defense: ‘We spend too much money on the wrong thing’

Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to […]

Read More