The Business Times

Layoffs

Transport & Logistics

Air Canada cuts 400 management positions, or 1% of workforce

Target has been struggling to get out of a rut caused by soft demand and inventory missteps.
Consumer & Healthcare

Target to eliminate 1,800 roles, 8% of headquarters team

Applied Materials expects the cuts to cost US$160 million to US$180 million, mostly from severance pay and one-time termination benefits.
Telcos, Media & Tech

Applied Materials to cut 4% of global staff after sales slow

Rivian is focusing on improving manufacturing efficiency and streamlining operations.
Transport & Logistics

Rivian to cut 600 jobs as loss of EV tax credit hits demand: source

Rep. Sydney Kamlager-Dove speaks at the podium at a news conference before a food distribution event at Los Angeles International Airport for federal workers impacted by the federal government shutdown, Oct 22, 2025.
International

Frustrated federal employees line up for food as US shutdown wears on

Meta reorganised its AI efforts under Superintelligence Labs in June after senior staff departures and a poor reception for its open-source Llama four model.
Telcos, Media & Tech

Meta reported to be cutting around 600 roles in AI unit

Agoda’s misstep shows how even well-meaning companies can stumble when conducting a layoff.
Tech in AsiaOpinion & Features

Agoda’s severance saga is a warning for tech employers

This photograph shows a bird of the crow family flying next to the logo of Swiss food giant Nestle on the facade of its headquarters ahead of the company’s third-quarter results announcement, in Vevey, western Switzerland, on October 14, 2025. (Photo by Fabrice COFFRINI / AFP)
Global Enterprise

Nestle to axe 16,000 jobs as new CEO targets sales growth

US President Donald Trump has in the span of just four days fired thousands of government employees, transferred billions in federal funds and threatened to unilaterally cancel “Democrat programmes” - all during a shutdown and without Congress’s approval.
International

US judge halts shutdown layoffs as Trump threatens 10,000 jobs

Goldman said it would “constrain headcount growth through the end of the year” and is planning a “limited reduction in roles across the firm.
Banking & Finance

Goldman Sachs plans more job cuts to boost savings, leverage AI push

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