Layoffs

Firm is adjusting its strategy in the Singapore to focus on crypto derivatives trading

Affected employees are entitled to a month’s basic salary for every year of service up to 25 years

[STUTTGART] Porsche agreed to eliminate 5,000 jobs by 2035 as part of a deal with labour officials that protects its main German sites and rules out compulsory redundancies.

This is its second round of reductions in under two months and the first time the firm has tied layoffs to AI efficiency pushes

Tech firms have announced almost 124,000 job cuts this year through the beginning of June, up more than 65% from the same period a year earlier

How do we make smart decisions during a financial crisis, like retrenchment? Howie Lim finds out from clinical psychologist Dr Annabelle Chow.

Clear explanations can help reduce the uncertainty and resentment that often accompany retrenchment exercises

The bank’s headcount fell by 5,000 in the past three months to 219,000

The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources say