job cuts

SINGAPORE BUDGET 2026

Budget 2026: Raise jobseeker support scheme’s S$5,000 income cap to cover more retrenched PMEs, says NTUC chief

Income cap can be pegged to PMET median monthly income, which was around S$7,600 in 2025: Ng Chee Meng

Staff affected would be offered jobs in other parts of Deutsche Bahn, which employs around 220,000.

Germany's DB Cargo plans 6,000 job cuts in bid to return to profit

DB Cargo is the market leader, but its competitors are catching up with a combined market share of around 60%

It is hard to tell if professionals doing expert AI training work will be the new form of work that fills the hole that AI could leave in labour markets, while many other jobs morph.

AI’s white-collar gig economy is booming. Can it last?

New roles such as professional trainers for AI software models have emerged, but they could be short-lived

The company has cut 48,000 jobs, launched driver buyouts, and closed operations at 93 facilities in 2025 as it targets about US$3 billion in savings in 2026.

UPS to cut another 30,000 jobs as it doubles down on turnaround

UPS is also looking to rebuild its profitability and stabilise volumes

A woman, who worked at the US Department of Education leaves the Sam Nunn Atlanta Federal Centre, after the Trump administration began mass layoffs of thousands of employees, Atlanta, Georgia, April 2, 2025. 

US federal workforce drops to lowest level in at least a decade

[WASHINGTON] The US federal workforce fell to the lowest level in at least a decade, according to government data published on Thursday, the result of President Donald Trump’s campaign to shrink the g...

Even if hiring demand remains positive, employers are becoming more selective, say recruiters.
OUTLOOK 2026

More contract hiring, higher foreign labour costs: The trends shaping Singapore’s manpower landscape in 2026

Gloomier hiring sentiment persists despite economy ending year on better-than-expected note

The layoffs process at the BOE began last week and runs until mid-January with staff expected to leave in March.

Bank of England plans staffing cuts because of budget pressures

It has invited staff members to volunteer for potential layoffs

The company is actively examining how technological change will affect all employees, which could “also impact roles that are currently heavily reliant on manual processes”.

Allianz to cut up to 1,800 jobs due to AI advances

The jobs are set to be eliminated over the next 12 to 18 months

The Dutch bank vowed a return on equity target of at least 12 per cent by 2028 while targeting a cost to income ratio below 55 per cent.

ABN Amro to cut 5,200 jobs by 2028

It wants to cut costs and optimise capital allocation to boost profitability

Telefonica was the second-worst performer on the Stoxx Europe 600 Telecommunications index over the past three months, with a 21 per cent slump.

Telefonica to cut 5,000 jobs to slash costs, union says

The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units