The Business Times

Layoffs

Singapore

Warren Golf & Country Club temporarily closes 3 F&B eateries due to ‘manpower challenges’

The Bank of Canada has cut non-salary budgets, frozen hiring, and offered early retirement to staff.
Global Enterprise

Bank of Canada plans 10% job cuts as PM Carney moves to trim expenses

Jobseekers at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Friday, Oct. 24, 2025. Applications for US unemployment benefits rose last week, according to analyses of unadjusted state-level filings released during the federal government shutdown. Photographer: Allison Joyce/Bloomberg
International

US job cuts hit two-decade October high amid AI revolution

Beyond Agoda's case, MOM has not received any complaints on clauses discouraging workers from approaching the authorities or unions over the last three years.
Economy & Policy

Agoda layoffs: Clauses that deter workers from going to authorities ‘should not be included’

Recent breakthroughs in quantum computing have driven up interest in the sector, though executives remain divided on when the technology will have real-world applications.
Telcos, Media & Tech

IBM to cut thousands of jobs in fourth quarter amid software focus

Manpower Minister Tan See Leng said the government “is mindful not to over-regulate and be intrusive into private contractual agreements” between employers and workers.
Economy & Policy

MOM reviewing NTUC’s call for employers to give advance notice of retrenchments: Tan See Leng

Puma had already cut 500 roles worldwide this year.
Consumer & Healthcare

Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines

In the construction sector, employment jumped to 13,700 in Q2, from 5,800 in the previous quarter.
Singapore

Singapore’s total employment up by 24,800 in Q3; resident employment growth expected to lag: MOM

Amazon said it would cut up to 14,000 jobs from its corporate workforce, joining Target, Procter & Gamble and others in axing thousands of office roles.
International

Global firms slash jobs amid weak sentiment, AI push

UPS reported profits of US$1.3 billion in the third quarter, down 14.8 per cent from the year-ago level.
Companies & Markets

UPS deepens job cuts to 48,000 on reduced Amazon deliveries

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