Dyson plans to cut 1,000 jobs (27% of UK workforce) due to competition and rapid innovation.

Dyson, the British technology company known for its vacuum cleaners and air purifiers, plans to cut around 1,000 jobs, or around 27% of its UK workforce, as part of a major restructuring. The company, led by CEO Hanno Kirner, cited increasing competition and rapid innovation in the global market as reasons for the job cuts. Dyson currently employs around 3,500 staff across the UK, with offices in Wiltshire, London, and Bristol.