Meta, MADE et al | As list of firms axing jobs grows, reviewing your redundancy plan is a must

It’s a worrying time for both employers and employees.

Business costs and household bills are seeing firms and their workforce tightening their belts and preparing for some tough financial times ahead.

This week, it was the turn of furniture company Made.com to reach breaking point, with bosses calling in administrators, a move which is expected to result in 500 job losses, despite the company’s assets being purchased by Next.

This followed on from recent news that Twitter had axed half of its employees as new owner Elon Musk tries to stem heavy financial losses.