Layoffs

Market and economic conditions overtake AI as top reasons cited for layoffs in 2026

The reductions are across the bank’s units, including wealth management and investment banking, sources say 

Some managers have reportedly been asked to target 20% in annual cost savings

Manpower ministry flags ‘emerging weaknesses’ in labour market

This brings the total number of employees retrenched since July to 131

It cut about 1,000 jobs in the first six months of this year, with the remaining due before the end of 2026

Claims remain below the 200,000 level for the fifth straight week

Founder Jeff Bezos says continued layoffs have been necessary as the firm overhired during Covid

This leaves Crystal Jade with nine operating outlets in Singapore