Bank of England warns staff over job cuts

Bank of England issues warning to nearly 6,000 staff over job cuts - Birmingham Live

The Bank wants to cut costs by £45 million

Bank of England Plans Staffing Cuts Because of Budget Pressures

The Bank of England is planning to reduce head count as its finances become strained by the cost of implementing the modernizations recommended by Ben Bernanke.

Bank of England puts hundreds of jobs at risk in £45m savings drive

The Bank, led by governor Andrew Bailey (pictured) has written to the majority of its 5,700 employees inviting them to apply for voluntary layoffs.

Bank of England issues urgent economy warning as employers cut staff at fastest pace since pandemic

UK businesses slashed jobs in November at the fastest pace since 2021, sparking fresh concern inside the Bank of England

Bank of England to cut staff amid increasing budget pressures

The Bank of England (BoE) is reportedly planning to reduce staff numbers amid increasing budget constraints in executing operational reforms recommended by Ben Bernanke.  The central bank has invited employees to volunteer for potential layoffs, under a time-limited redundancy scheme, reported Bloomberg, citing sources.  This process is open until mid-January 2026, and departures are expected from March 2026.  BoE confirmed the scheme in a state…

Nine people need to go at the Bank of England

This piece in a Telegraph newsletter this morning is a classic: The Bank of England has warned its near 6,000-strong workforce of job cuts as it seeks to fund an overhaul of its flawed economic forecasts. Andrew Bailey has invited all staff to apply for a voluntary resignation scheme as part of a £45m cost-cutting drive, prompted by the central bank spending millions of pounds on IT upgrades and changes to the way it analyses the economy. While …