The number of young people who are not in education, employment or training (Neet) has risen, edging closer to one million.
This isn't the first time the fintech company has made deep cuts in its employee count. Layoffs numbering about 1,000 were rumored both in 2024 and 2025.
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'Crushing blow'
For two months, news desks on both sides of the Atlantic have been trawling through the Epstein files, daily releasing sensational details. This one story – now years old – is crushing out many others. The name of Jeffrey Epstein this past week has claimed precedence over Donald Trump, China, Iran and Ukraine. Each night’s BBC television news has demoted Keir Starmer, the NHS, tax reform and student loans. Preference is relentlessly ceded to Epstein, with bit parts for the former prince Andrew, Mandelson, Bill Gates, the Clintons and a galaxy of billionaires and celebrities.