layoffs

ESG investing is building resistance to layoffs

WITH Singapore in Phase 2 of its reopening, companies can now better gauge the extent of the pandemic's impact on their industries and business models and how they will need to restructure.

Singapore Airlines doesn't plan to cut jobs for now

[SINGAPORE] Singapore Airlines will focus on recovering from the coronavirus outbreak and doesn't plan to cut jobs at the moment, the Sunday Times reported, citing the carrier's chief executive...

M&C to axe 8% of global team; management salaries cut by up to 30%

MILLENNIUM & Copthorne (M&C) Hotels has reduced its global headcount by 8 per cent and furloughed another 30 per cent of staff in its owned-and-managed hotel portfolio, as the Covid-19...

Many jobs may vanish forever as layoffs mount

[NEW YORK] Even as restrictions on businesses began lifting across the US, another 2.4 million workers filed for jobless benefits last week, the government reported on Thursday, bringing the total...

Extended dining-in ban a nail in coffin for many F&B outlets

SINGAPORE'S embattled food and beverage (F&B) sector may see more closures and layoffs, with dining-in not permitted for a while longer even after the circuit breaker starts to be rolled back...

Layoffs should be last resort, employers should pay retrenchment benefit: MOM

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment...

Uber's closure of Asia-Pacific HQ in Singapore to impact 120 staff

ABOUT 120 roles in Uber's Singapore operations will be affected by the ride-hailing firm's decision to move its Asia-Pacific headquarters out of Singapore in the next 12 months. The Asia-Pacific...

honestbee lays off estimated 70-80% of staff amid pivot to pizza joint

DISTRESSED startup honestbee laid off about the bulk of its 60-odd headcount on Monday evening, The Business Times has learned, with several sources estimating that between 70 per cent to 80 per...

The kindest cut?: How to better manage a retrenchment exercise

JUST like how there is no truly happy divorce, there is no such thing as a merry - or even successful - retrenchment exercise.

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...