The Business Times
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Layoffs

Transport & Logistics

Volkswagen CEO faces acid test from unions over swingeing job cut plans

The Windows maker is also considering options for its Xbox gaming unit.
Global Enterprise

Microsoft to reportedly cut under 2.5% of workforce in latest layoffs

The headquarters of British American Tobacco in London, Britain.
Companies & Markets

British American Tobacco to cut 5,500 jobs globally in restructuring push

Bosch has been hit hard by the automotive industry’s downturn.
Transport & Logistics

Bosch CEO unexpectedly steps down after leading a massive job cut push

Sonos has continued to express confidence about its ongoing turnaround effort following a rocky period.
Telcos, Media & Tech

Sonos cuts 3% of staff across user experience, product teams

With a workforce of 5,500, France accounts for half of Renault’s global engineering staff.
Transport & Logistics

Renault plans 800 engineering job cuts in France amid intense Chinese competition

Lazada says it will treat affected employees in accordance with the applicable requirements based on the market they are in.
Companies & Markets

Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia

Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI.
Telcos, Media & Tech

Oracle cut 21,000 employees in 2026, says AI replaced some jobs

Evonik had already announced cuts of around 2,800 positions until the end of 2026.
Energy & Commodities

Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme

Amazon founder Jeff Bezos argued that people have “endless” things to do, and are currently limited by barriers that he said AI would lower.
Telcos, Media & Tech

AI will lead to labour shortages, Amazon founder Bezos says

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