job cuts

Uber cuts 23% of people division as new president takes charge

The layoffs represent less than 1% of the ride-share company’s global workforce

Australia has seen a wave of layoffs this year, particularly in the tech sector, where companies have blamed AI adoption, restructuring and cost pressures.

Australia jobless rate jumps to 4½ year high as RBA bets fade

Traders are now wagering about an even chance of a rate hike in August

Production at Gardenia’s Pandan Loop manufacturing facility will cease on Jun 30.

QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru

The city-state will still be the bread maker’s central hub, with about 250 employees

BT

Retrenched at 22: What it’s like to be laid off in your first job

[SINGAPORE] In 2023, 22-year-old H Wong was relocated to her company’s New York office, excited to grow her career in a new city. 

Overall, recruiters are in much higher demand in the US.

Job market for recruiters shows UK weakness, US strength

[LONDON / NEW YORK] As recruitment firms shed large parts of their workforce across the globe, growing demand for recruiters in the US points to a stronger-than-expected job market. 

Some of the cuts reflect Estee Lauder’s push to reduce staff at US department stores.

Estee Lauder to cut 3,000 more jobs as CEO pushes overhaul

As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago

Over a one-year period leading up to November 2025, AI contributed to the elimination of 11 per cent of jobs. Another 12% of roles were not backfilled.

AI-exposed firms cut 4% of jobs; car sector hardest hit: Morgan Stanley report

The automobile and components sector has the highest net job loss, at 10%, across five industry sectors

The three banks have not said whether temporary or permanent staff were more affected by the headcount reductions.

DBS, OCBC, UOB shed nearly 3,000 jobs in 2025 amid restructuring, productivity push

Combined, the three lenders employed 104,266 people at end-2025, down 2.6% from the year before

Labour chief Ng Chee Meng renews calls for advance retrenchment notifications.
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