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North American Edition
15th April 2026
 
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THE HOT STORY

Disney begins 1,000 job cuts this week

The Walt Disney Co. has begun a round of layoffs that will see the elimination of 1,000 jobs across various divisions, including television, movie studios, and ESPN. Chief Executive Josh D'Amaro informed staff about the cuts on Tuesday morning. “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D'Amaro said. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs . . . As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.” He added: “Compassion and respect remain at the heart of our company . . . As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.”
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WORKFORCE

Auditors still stuck with manual inventory counts despite AI advances

Accountants are increasingly adopting artificial intelligence (AI), drones, and automation, but one of the most unpleasant parts of auditing - physically counting inventory - remains largely manual, requiring auditors to endure harsh, messy, and sometimes dangerous conditions. From climbing grain bins and wading through fertilizer to counting livestock, frozen goods, or construction materials, auditors - often junior staff - must still verify inventory in person due to regulatory requirements and technological limitations. While tools like drones and AI are improving efficiency in some areas, they struggle with obstacles such as indoor environments, hidden items, or extreme conditions, and auditing standards still mandate human verification. As a result, despite hopes that advancing technology will eventually replace these tasks, inventory counting continues to be widely viewed within the profession as the most grueling and outdated aspect of auditing.

USPS to suspend employer payments to workers' pensions

The U.S. Postal Service (USPS) has announced a temporary suspension of its employer contributions to the Federal Employees Retirement System annuities, a move which it said is aimed at preserving cash amid an "ongoing, severe financial crisis," according to Chief Financial Officer Luke Grossmann. The decision allows USPS to continue payroll, pay suppliers, and maintain mail delivery. Grossmann emphasized that the risk to postal operations from insufficient liquidity outweighs the long-term risks to pension funds. Brian Renfroe, president of the National Association of Letter Carriers, acknowledged the situation is "not ideal" but noted it does not immediately affect members. USPS has faced significant financial challenges, with net losses of $9bn in fiscal year 2025, despite a slight increase in operating revenue. Postmaster General David Steiner has called for lifting borrowing caps to access more cash and suggested raising postage prices to cover losses.
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TECHNOLOGY

EY says AI is transforming hiring, career paths, and promotions

Ginnie Carlier, EY America's chief talent officer, has said artificial intelligence (AI) is reshaping the entire employee lifecycle, prompting the firm to overhaul recruitment, performance evaluation, and promotion processes to focus more on skills and impact rather than traditional career progression. The firm is testing more flexible, individualized career paths, including agile promotions and expanded use of skills-based assessments, while also broadening its hiring pool beyond traditional accounting backgrounds to include technologists, creatives, and non-degree candidates, as roles become more fluid and increasingly centered on interpreting AI-driven insights and delivering value.
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LEGAL

Grocery workers demand union recognition

Grocery workers at Mother's Market in Costa Mesa rallied for union recognition on Monday. The group, known as "Hearts United," demanded respect for their right to organize. Omar Gallo, a worker, said: "We're ready to move forward collaboratively." Costa Mesa Mayor John Stephens and Councilmember Manuel Chavez supported the workers, highlighting issues including low wages and poor scheduling. Workers seek to join United Food and Commercial Workers Local 324, aiming to negotiate better pay and conditions. The rally marked the start of a week of actions across multiple locations, potentially adding 600 members to the union.
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REGULATION

United pitch for American Airlines would invite great scrutiny

United Airlines CEO Scott Kirby reportedly proposed a merger with American Airlines during a meeting with President Donald Trump in February. Reuters observes that any ​potential deal would create an industry behemoth and invite extraordinary scrutiny from regulators, labor unions and consumer advocates, all wary of higher fares ‌and reduced competition. Data shows that, including international flights, United and American were the world's two largest airlines by available capacity in 2025.
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CORPORATE

Ashurst, Perkins Coie partners vote through merger

Ashurst and Perkins Coie are combining after the partnerships of both firms voted “overwhelmingly” to approve the deal. The $2.8bn firm, to be known as Ashurst Perkins Coie, will be home to around 3,000 lawyers across more than 50 offices, with major hubs in London, New York, Seattle and Sydney. “This vote confirms the strong alignment between our firms and our joint ambition for the future,” Ashurst global CEO Paul Jenkins said in a joint announcement. Jenkins and Perkins Coie managing partner Bill Malley say they'll lead the combined firm as co-CEOs.

PwC plans consulting overhaul

PwC plans to overhaul its global consulting business in a bid to eliminate the sometimes disjointed service when its national firms work together, which bosses view as a competitive disadvantage. The firm aims to standardize offerings and enhance shared technology platforms, with a focus on using staff from lower-cost locations such as India. The Big Four's consulting groups operate as networks of locally owned partnerships, serving under the broader international organization. This can make serving multinational clients complicated.
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INTERNATIONAL

Australian union's new push for four-day work week

The United Service Union, which represents 25,000 council workers in New South Wales, has proposed a four-day work week and increased flexible work-from-home options due to rising fuel costs. The union has filed an application with the Industrial Relations Commission, seeking emergency measures to alleviate financial strain on workers, who are reportedly spending an extra A$50-A$100 weekly on fuel. Daniel Papps, head of legal at USU, said: “Our members are telling us that the fuel crisis is really starting to bite.”

Hyundai Motor revolutionizes the factory floor in its Singapore hub

Hyundai Motor Group Innovation Center Singapore (HMGICS) is transforming manufacturing with autonomous robots and AI. Launched in 2023, the center integrates robotics into production systems, enhancing logistics efficiency and reducing lead times by over 50%. Hyundai reported 68% logistics automation and 67% manufacturing automation, significantly surpassing traditional facilities. The company said: "These gains translate into enhanced productivity, improved operational stability and greater responsiveness to production changes." HMGICS employs over 200 robots, including Boston Dynamics' Spot, to support human workers by handling repetitive tasks while optimizing operations and reducing waste.
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OTHER

Weight-loss drugs set to reshape U.S. clothing demand

The growing use of weight loss and diabetes drugs in the U.S. is expected to create new demand for clothing, as consumers replace wardrobes after losing weight. Early signs of this shift are emerging, with declining sales of larger sizes and retailers reporting more customers citing weight loss as a reason for shopping for new clothes. Increased accessibility of GLP-1 treatments, including new pill formats and falling costs, is driving wider adoption, with usage projected to rise significantly in the coming years. Analysts say this trend could provide a tailwind for apparel spending, although the scale and durability of the impact remain uncertain.
 
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