British American Tobacco

Impact: British American Tobacco is undergoing a major restructuring, cutting 9,000 jobs and outsourcing 3,500 roles to improve efficiency and profitability. This move is expected to generate significant annual savings and help the company adapt to declining traditional tobacco sales and regulatory challenges in the vaping market.

Impact: British American Tobacco announced it will cut 5,500 jobs globally as part of its AI-driven transformation program, leading to a slight dip in its shares.