Layoffs
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to counteract slumping sales in China and the cost of reversi...
Commerzbank to cut 3,000 jobs in bid to hit profit targets, as it fends off UniCredit takeover
The bank upgrades a series of financial targets, foreseeing higher profit and revenues by 2028
Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring
The company is cutting more than 1,100 jobs
US labour market stable as layoffs remain low
Employers have so far this year announced 300,749 job cuts, down 50 per cent from the same period in 2025
Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh
This comes amid ‘strong demand for products from international stores’ from consumers in the Republic
Embrace AI or get left behind: Job cuts sweep through crypto firms
Bitcoin is down about one-third since hitting a peak in October
Freshworks to cut 11% jobs as AI reshapes software industry
The restructuring will affect departments globally, the company says
Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide
BT rounds up recent moves by major companies to pare their workforce in 2026
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
The latter confirms it is trimming a ‘small number’ of marketing and communications roles
Australia’s biggest bank to cut 120 more jobs amid AI push
The reductions come two months after a separate round of cuts that will claim around 300 roles
