job cuts

Look Back 2019: No spike in layoffs, as firms remain cautious

There were fears that job losses would surge among locals amid the economic slowdown this year but firms largely played it safe by retaining staff and hiring cautiously.

Hong Kong faces wave of layoffs, store closures

HONG KONG • More than 5,600 retail jobs could be lost and thousands of stores shut down over the next six months, as pro-democracy protests in Hong Kong continue to disrupt sales during the...

WeWork to lay off 2,400 workers worldwide

[WASHINGTON] Embattled office sharing firm WeWork will lay off 2,400 employees worldwide - about a fifth of its workforce - as the it struggles to reorganise amid mounting losses, the company...

WeWork under probe by New York attorney general as job cuts loom: Sources

NEW YORK (REUTERS) - The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned...

WeWork may lay off 4,000 employees across global operation

NEW YORK • WeWork is preparing to cut at least 4,000 people from its workforce as it tries to stabilise itself after the company's breakneck growth racked up heavy losses and led it to the brink...

WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

SAN FRANCISCO (BLOOMBERG) - WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as US$1.2 billion (US$1.6 billion). The reaction from...

Union slams severance packages for DFS staff

The severance packages for retrenched employees of DFS Group, while improved, are still not substantial enough, said the Singapore Manual and Mercantile Workers' Union (SMMWU) yesterday.

Bearing brunt of US-China trade war, Singapore chipmakers cut jobs

SINGAPORE (REUTERS) - Caught between a Sino-United States trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing...

BHP to cut more than 700 white-collar jobs, including some in Singapore: report

THE world's biggest miner BHP Group is poised to cut over 700 white-collar jobs, The Australian newspaper reported, adding that the process could start as early as this week.