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Thousands more university jobs cut as financial crisis deepens

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Thousands more university jobs cut as financial crisis deepens


Hayley ClarkeEducation reporter and

Emily Doughty

PA Media Photo shows UCU members at Edinburgh University taking part in industrial action in September 2025, in a dispute over plans to cut £140 million from the university budget.
Photo shows seven people outside a gated building, holding pink placards that say 'stop cuts, the university of Edinburgh'PA Media

University and College Union (UCU) members at Edinburgh University took industrial action in September

Universities have collectively announced more than 12,000 job cuts in the last year, new analysis from the University and College Union (UCU) suggests.

Additional cost savings announced in the same period are equivalent to a further 3,000 jobs, the union says, but universities have not confirmed whether these savings will be made by cutting staff.

UCU members will vote on potential UK-wide strike action later this month over a 1.4% pay offer made over the summer.

Employers say that offer “clearly does not reflect the true value employers place on staff”, but that it is the “only prudent option” given the scale of the financial challenge facing the higher education sector.

Four in 10 English universities are now believed to be in financial deficit, according to the Office for Students.

Raj Jethwa, chief executive of the Universities and Colleges Employers Association (UCEA), says difficult decisions like redundancies and restructures are having to be “carefully considered” by all institutions, but that they were striving to do so in an “open and fair way”.

But Jo Grady, UCU general secretary, described the cuts as “brutal”, adding that staff had become “demoralised, exhausted and furious” and that “undervalued and poorly served” students were feeling the impact too.

She told the Today programme there was “no replacement for stable funding from government” to address the financial challenges and that the current model was “destroying higher education”.

The government said it had taken the “tough but necessary decision” to increase tuition fees last year to boost income for universities, and would soon set out further plans for reforms in new legislation.

‘I will have to live with my mum in my forties’

Zak Hughes Dr Zak Hughes is standing in front of white board. He is wearing a green jumper and a blue lanyard and is smiling. 

On the board beside him is chemistry equations. Zak Hughes

Dr Zak Hughes had to submit his expression of interest in keeping his role alongside submitting exams for his modules over the summer

Dr Zak Hughes, a chemistry lecturer at the University of Bradford, is at risk of redundancy.

“There are a lot of stressed and upset people who are struggling to deal with it, both within the school but also more widely within the institution,” he says.

Zak, who has worked at the university since 2018, says he now faces the prospect of having to move back home to live with his mum if he loses his job.

“I won’t be able to pay my rent, I will be in my forties and living back at home,” he says.

Even if the 44-year-old retains his job, the chemistry course at the university is being phased out, with similar closures happening across the country.

Zak says this limits the opportunities for him and his colleagues.

“People could, even if they lost their job, get a job at another institution. That’s not happening now,” he says.

“They’re probably looking not only at the end of the a job, but really the end of their career in academia.”

Sanskrity Baraili, sabbatical officer at the students’ union in Bradford, says she has already seen the impact of cuts on students, especially in support services such as cleaning teams and disability services.

While she believes the cuts come from a wider issue within higher education, she says “students are worried about what’s going to happen next”.

Sanskrity Baraili Sanskrity is standing in front of a busy hall. She is wearing a white dress and is looking determinedly at the cameraSanskrity Baraili

Sanskrity believes she had an easier time as a student than those currently studying at the university

A spokesperson for the university said: “Like many other universities, we are having to make cost-savings to protect the student experience and ensure we deliver meaningful outcomes for graduates.”

They said they had expanded the support services available to students, adding that “our priority remains putting students first and widening access to higher education.”

They said the university had a responsibility to ensure it remained financially stable, including regularly reviewing courses with “persistently low intake such as chemistry”.

They called on the government to take “swift and decisive action” to tackle the challenges faced by the sector.

‘I’d have had second thoughts about uni if I knew’

The University of Edinburgh has announced it plans to make £140m in cuts, equivalent to about 1,800 jobs, according to the UCU.

Caspar Cubitt, who is studying theology, says the uncertainty has “put all of us on edge”.

“There’s a lot of gossip which swirls around you,” he says.

“It’s when you write back to your mum and dad and they ask how uni is going, you say, ‘Well, my degree is in trouble.'”

While the 22-year-old says he is still receiving the same level of support from his department, he has found that access to study spaces and module choices has been affected.

Caspar Cubitt Caspar is sitting in the middle of the frame. He is wearing a white top. He is sitting in front of the sea and mountains Caspar Cubitt

Caspar is worried that a reduced access to study spaces could impact his results

With two years left at university, he is now worried what further cuts may mean.

“I would have had second thoughts [about going to Edinburgh] if I knew that this is how they handle budget crisis and this is how they run finances,” he says.

Professor Sir Peter Mathieson, principal and vice chancellor of the University of Edinburgh, said the university had been “fully transparent about the necessary steps we need to take to safeguard the future of our university”.

“We remain firmly committed to ongoing dialogue as we take the necessary steps to enable us to deliver excellence and continue to be a bold, imaginative and world-leading university.”

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Stock Market Live Updates: Sensex, Nifty Hit Record Highs; Bank Nifty Climbs 60,000 For The First Time

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Stock Market Live Updates: Sensex, Nifty Hit Record Highs; Bank Nifty Climbs 60,000 For The First Time


Stock Market News Live Updates: Indian equity benchmarks opened with a strong gap-up on Monday, December 1, touching fresh record highs, buoyed by a sharp acceleration in Q2FY26 GDP growth to a six-quarter peak of 8.2%. Positive cues from Asian markets further lifted investor sentiment.

The BSE Sensex was trading at 85,994, up 288 points or 0.34%, after touching an all-time high of 86,159 in early deals. The Nifty 50 stood at 26,290, higher by 87 points or 0.33%, after scaling a record intraday high of 26,325.8.

Broader markets also saw gains, with the Midcap index rising 0.27% and the Smallcap index advancing 0.52%.

On the sectoral front, the Nifty Bank hit a historic milestone by crossing the 60,000 mark for the first time, gaining 0.4% to touch a fresh peak of 60,114.05.

Meanwhile, the Metal and PSU Bank indices climbed 0.8% each in early trade.

Global cues

Asia-Pacific markets were mostly lower on Monday as traders assessed fresh Chinese manufacturing data and increasingly priced in the likelihood of a US Federal Reserve rate cut later this month.

According to the CME FedWatch Tool, markets are now assigning an 87.4 per cent probability to a rate cut at the Fed’s December 10 meeting.

China’s factory activity unexpectedly slipped back into contraction in November, with the RatingDog China General Manufacturing PMI by S&P Global easing to 49.9, below expectations of 50.5, as weak domestic demand persisted.

Japan’s Nikkei 225 slipped 1.6 per cent, while the broader Topix declined 0.86 per cent. In South Korea, the Kospi dropped 0.30 per cent and Australia’s S&P/ASX 200 was down 0.31 per cent.

US stock futures were steady in early Asian trade after a positive week on Wall Street. On Friday, in a shortened post-Thanksgiving session, the Nasdaq Composite climbed 0.65 per cent to 23,365.69, its fifth consecutive day of gains.

The S&P 500 rose 0.54 per cent to 6,849.09, while the Dow Jones Industrial Average added 289.30 points, or 0.61 per cent, to close at 47,716.42.



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South Korea: Online retail giant Coupang hit by massive data leak

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South Korea: Online retail giant Coupang hit by massive data leak


Osmond ChiaBusiness reporter

Getty Images Coupang logo on mobile phone screen against a white backgroundGetty Images

Coupang is often described as South Korea’s equivalent of Amazon.com

South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts.

The country’s internet authority said that it is investigating the breach and that details from the millions of accounts have likely been exposed.

Coupang is often described as South Korea’s equivalent of Amazon.com. The breach marks the latest in a series of data leaks at major firms in the country, including its telecommunications giant, SK Telecom.

Coupang told the BBC it became aware of the unauthorised access of personal data of about 4,500 customer accounts on 18 November and immediately reported it to the authorities.

But later checks found that some 33.7 million customer accounts – all in South Korea – were likely exposed, said Coupang, adding that the breach is believed to have begun as early as June through a server based overseas.

The exposed data is limited to name, email address, phone number, shipping address and some order histories, Coupang said.

No credit card information or login credentials were leaked. Those details remain securely protected and no action is required from Coupang users at this point, the firm added.

The number of accounts affected by the incident represents more than half of South Korea’s roughly-52 million population.

Coupang, which is founded in South Korea and headquartered in the US, said recently that it had nearly 25 million active users.

Coupang apologised to its customers and warned them to stay alert to scams impersonating the company.

The firm did not give details on who is behind the breach.

South Korean media outlets reported on Sunday that a former Coupang employee from China was suspected of being behind the breach.

The authorities are assessing the scale of the breach as well as whether Coupang had broken any data protection safety rules, South Korea’s Ministry of Science and ICT said in a statement.

“As the breach involves the contact details and addresses of a large number of citizens, the Commission plans to conduct a swift investigation and impose strict sanctions if it finds a violation of the duty to implement safety measures under the Protection Act.”

The incident marks the latest in a series of breaches affecting major South Korean companies this year, despite the country’s reputation for stringent data privacy rules.

SK Telecom, South Korea’s largest mobile operator, was fined nearly $100m (£76m) over a data breach involving more than 20 million subscribers.

In September, Lotte Cards also said the data of nearly three million customers was leaked after a cyber-attack on the credit card firm.



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Agency workers covering for Birmingham bin strikers to join picket lines

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Agency workers covering for Birmingham bin strikers to join picket lines



Agency workers hired to cover Birmingham bin strikers will join them on picket lines on Monday, a union has said.

A rally will be held by Unite The Union at Smithfield Depot on Pershore Street, Birmingham, on Monday morning to mark the first day of strike action by agency refuse workers.

Unite said the Job & Talent agency workers had voted in favour of strike action “over bullying, harassment and the threat of blacklisting at the council’s refuse department two weeks ago”.

The union said the number of agency workers who will join the strike action is “growing daily”.

Strikes by directly-employed bin workers, which have been running since January, could continue beyond May’s local elections.

The directly-employed bin workers voted in favour of extending their industrial action mandate earlier this month.

Unite general secretary Sharon Graham said: “Birmingham council will only resolve this dispute when it stops the appalling treatment of its workforce.

“Agency workers have now joined with directly-employed staff to stand up against the massive injustices done to them.

“Instead of wasting millions more of council taxpayers’ money fighting a dispute it could settle justly for a fraction of the cost, the council needs to return to talks with Unite and put forward a fair deal for all bin workers.

“Strikes will not end until it does.”



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