Layoffs

This is its second round of reductions in under two months and the first time the firm has tied layoffs to AI efficiency pushes

Tech firms have announced almost 124,000 job cuts this year through the beginning of June, up more than 65% from the same period a year earlier

How do we make smart decisions during a financial crisis, like retrenchment? Howie Lim finds out from clinical psychologist Dr Annabelle Chow.

Clear explanations can help reduce the uncertainty and resentment that often accompany retrenchment exercises

The bank’s headcount fell by 5,000 in the past three months to 219,000

The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources say

Roles affected include those across sales and consulting, as well as jobs at the Xbox gaming division

The layoffs is expected to add £600 million (S$1.03 billion) of annualised incremental savings by 2028

The 60-year-old Stefan Hartung requests to leave to pursue new social commitments and entrepreneurial tasks