Cost-Cutting

3 articles

Jul 31, 2026 • via the Guardian

GSK Closes Stevenage Site Five Years After Expansion Pledge

Cost-cutting programme targets £1.9bn savings while Cambridge absorbs relocated scientists

Corporate consolidation in life sciences continues as GSK trims support roles and abandons a recent Hertfordshire commitment to meet global efficiency targets.

Jul 31, 2026 • via the Guardian

Lloyds Automates Retail Banking While Profits Rise

£2bn cost target follows £2.3bn quarterly earnings with no job impact data released

Lloyds pursues AI-driven efficiency and shareholder returns while leaving workforce and branch reductions unquantified.

Aug 21, 2025 • via BBC News

Britain Scraps Its Space Agency While the Rest of the World Builds Theirs

The UK Just Reversed 15 Years of Space Progress to Save Pennies

The UK Space Agency was established in 2010 to foster growth in the space sector, but its recent dissolution marks a significant regression in the country's space ambitions.