Layoffs
Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme
EVONIK Industries will cut 3,200 jobs worldwide by the end of 2029, including 2,150 positions in Germany, the German chemicals group said on Thursday (Jun 18).
AI will lead to labour shortages, Amazon founder Bezos says
The comments come when global companies cut thousands of jobs after investing heavily in AI
Trading platform Robinhood to cut 10% of workforce in restructuring
The move comes as companies across sectors continue to scrutinise headcount and management structures
BlackRock sheds another 200 jobs, adopting regular cycle of cuts
The company is eliminating just under 1% of its workforce
Microsoft’s Xbox plans significant layoffs as it transforms under new CEO
The layoffs are expected shortly after the close of the company’s fiscal year on Jun 30, according to sources
ASML to cut fewer jobs than planned after union negotiations
Staff will be told if their roles are affected next month
Shopee cuts hundreds of developer jobs globally during pivot to AI
The reductions, which started this week, amount to about 8% of the company’s developer workforce
China Inc deploys ‘quiet’ layoffs as Beijing promotes AI adoption
Citibank estimates that 9.6 per cent of all Chinese jobs - roughly 70 million - are at high risk of AI-driven displacement
More retrenched white-collar workers in Singapore seeking unions’ help
Many PMEs are not aware they can join unions and be represented by the trade union centre during retrenchments
AI-linked layoffs in US spark new wave of one-person start-ups
Over 100 tech companies cut more than 115,000 jobs in the first quarter of 2026
