News says Dyson will cut nearly a third of its workforce in the UK, affecting about 1,000 people

News from this website on July 10, according to the Financial Times, Dyson will lay off about 1,000 people in the UK, accounting for almost one-third of its total employees in the UK, as part of a broader restructuring of the company a part of. Dyson notified employees of the planned layoffs on Tuesday and said it would retain its research and development center in the United Kingdom, a person familiar with the matter said. The person spoke on condition of anonymity because negotiations with employees are still ongoing. At the end of last year, the company employed 3,500 people in the UK and 14,000 globally.

Dyson CEO Hanno Kirner said in a statement:

1. Dyson is growing rapidly, and like all companies, we review our global structure from time to time to ensure we are ready for the future. Therefore, we propose changes to the organization that may result in layoffs.
2. Dyson also said the UK will "remain an important center for the company's research and development (R&D)" and is home to the Dyson Research Institute, which employs 160 undergraduate engineers. But a Dyson employee who received a redundancy notice told the BBC that although the R&D building still exists, "the employees involved in R&D have now left the Dyson building".

Notes from this site:

3. Founded in 1991 by billionaire James Dyson in Malmesbury, England, Dyson rose to fame for its bagless vacuum cleaners. Over the past two decades, the company has expanded into other household products such as air purifiers and hair dryers.

   

   Currently, more than half of the company's sales come from the Asia-Pacific region. In recent years, the company has expanded its manufacturing operations in countries such as Singapore and the Philippines, and moved its corporate headquarters from the United Kingdom to Singapore in 2019.

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