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Recent Editions
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Human Times
North America
AI layoff anxiety spreads

Recent layoffs, especially in technology, are increasingly being linked to artificial intelligence, leaving workers uneasy about future job prospects. Companies often cite broader restructuring or economic pressures rather than AI alone, but several have mentioned shifting resources toward automation, AI tools or AI-focused roles. Cisco plans to cut under 4,000 jobs while prioritising AI-era investment, with chief executive Chuck Robbins saying winning companies will need “focus, urgency, and the discipline to continuously shift investment.” Block, Dow, Pinterest and Lufthansa have also tied job reductions to AI, digitalisation or streamlined operations. Meanwhile, Meta, Microsoft, and Amazon are cutting roles while committing major spending to AI, raising questions over whether new technology will create enough future jobs to offset current losses.

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Human Times
UK
Household wealth falls by 17.5%

Average household wealth in the UK has fallen 17.5% to £104,329, according to analysis by St James's Place, with this down from £126,482 a year ago. The report shows that London has the highest household wealth at £171,455, while Yorkshire and the Humber has the lowest, at £73,488. The poll saw 34% of respondents say their financial situation has worsened in the last twelve months, while just 17% felt it has improved. It was also shown that 37% describe themselves as financially comfortable, down from 42% a year ago. One in five (21%) said they are struggling financially, up from 16% last year. Joe Nellis, an economic adviser to MHA, said: "A near 18% decline in average household wealth over a single year is a major warning sign for the UK economy," adding: "More than twice as many people say their finances have deteriorated over the past year as have improved. That is not the mood of a confident economy." 

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Human Times
Europe
Luxembourg's unemployment costs set to soar

Luxembourg's unemployment reimbursements reached €62m in 2025, the highest in six years, as the country prepares for an EU reform that could increase costs by over €200m annually. The reform will shift responsibility for unemployment benefits to the country of last employment, impacting Luxembourg's cross-border workforce. Labour Minister Marc Spautz noted that around 70% of the reimbursements went to France. The changes may also strain Luxembourg's employment agency, Adem, which could face an additional €15.7m in operating costs and require more staff and resources.

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Human Times
Middle East
Iran's economy in freefall amid war

Iran’s economy has deteriorated sharply after two and a half months of war, ceasefire and blockade, with prices for some goods tripling or quadrupling, at least 2m people losing income, and the currency falling 60%. The internet shutdown has devastated online businesses, with small e-shop owner Sarina saying: “We are all just trying to buy food and keep a roof over our heads.” Start-ups are also cutting staff as demand falls, public-sector payments stall, and inflation disrupts supply chains. Saman, a start-up chief executive, warned that hunger could trigger another major protest as families exhaust savings. Food costs have become unaffordable for many pensioners, while tech firms forecast that one in five cyberspace jobs may disappear. The crisis follows years of sanctions, corruption and mismanagement that had already weakened household finances.

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