Why are Diageo, Rolls-Royce & Microsoft cutting jobs?

Diageo, Rolls-Royce and Microsoft are set to collectively cut up to 800 jobs.

Global drinks giant Diageo is preparing to axe up to 400 jobs at the company’s London headquarters; Rolls-Royce is to scrap up to 200 management jobs; and Microsoft plan to close the London office of its Skype subsidiary, with the potential loss of up to 220 jobs.

The tech giant is closing its London Skype office and moving workers to a new site in Paddington, according to BBC News.

The company said:  "Microsoft reviewed some London-based roles and made the decision to unify some engineering positions [which will put] globally-focused [roles at risk].”