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Recent Editions
Human Times
North America
California tech company Cloudflare is laying off 20% of its workforce, equating to approximately 1,100 employees, as it adapts to a significant increase in artificial intelligence usage among staff. “The way we work at Cloudflare has fundamentally changed,” Chief Executive Matthew Prince and Chief Operating Officer Michelle Zatlyn told employees in an e-mail. “We don't just build and sell AI tools and platforms. We are our own most demanding customer.” The email said that in the last three months, its use of AI has increased more than 600%. Employees in various roles in HR, engineering, finance and marketing are running “thousands of AI agent sessions each day to get their work done,” and the company has to be “intentional” as it prepares for the “agentic AI era,” the email said.
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Human Times
UK
The UK is set to lose 163,000 jobs this year due to rising energy costs linked to the Iran war, according to the ITEM Club. The manufacturing sector will bear the brunt, with 65,000 jobs at risk, while construction will see 32,500 positions vanish. Consumer confidence is plummeting, with 90% of households worried about living costs. Tim Lyne, economic adviser to the ITEM Club, commented: "Some of the lowest-income regions will feel the biggest effects." Only public sector jobs, particularly in healthcare, are expected to grow. A government spokesman said: "We have the right economic plan to deal with price rises caused by the war."
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Human Times
Europe
Commerzbank has said it plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a mooted takeover by Italian lender UniCredit. "UniCredit’s communicated plan remains vague and bears considerable execution risks, while using misleading narratives that discredit Commerzbank," the German lender said about UniCredit's recent move to officially launch its takeover attempt at a below-market price of €37bn ($43.43bn).
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Human Times
Middle East
The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has set June 30, 2026, as the final deadline for private firms with 50 or more employees to meet Emiratisation targets. Companies must achieve a 1% increase in Emiratisation rates for skilled jobs in the first half of 2026, with penalties for non-compliance starting July 1. The MoHRE encourages firms to utilise the “Nafis” platform to connect with Emirati jobseekers and enhance recruitment efforts. The ministry will begin verifying compliance from July 1, ensuring that newly hired Emiratis are registered with social insurance funds.
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