The Business Times

Layoffs

Companies & Markets

Jack Dorsey’s 4,000 job cuts at block arouse suspicions of AI-washing

The company’s recent history suggests that AI adoption is not the only factor influencing its staffing decisions

The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about US$1.2 billion.
Companies & Markets

eBay laying off about 800 workers, 6% of global workforce

It’s to align its workforce with strategic priorities

The affected roles are primarily in support functions that do not involve direct customer contact.
Banking & Finance

Danske Bank cuts hundreds of jobs to add to Danish layoff wave

Most of the job cuts will fall in Denmark and Lithuania, the firm says

Block has been restructuring its business model and staffing since 2024 as the company’s stock has lagged.
Global Enterprise

Jack Dorsey’s Block slashes nearly half its staff in AI bet

The reduction in force comes after rolling job eliminations that have often been tied to annual performance reviews

In addition, the company will trim about 30% of its annual non-employee costs
Telcos, Media & Tech

C3.ai to cut 26% of workforce following CEO transition

The software firm has posted a series of underwhelming earnings results

The latest planned cuts are deeper than the previous round a year ago, when Aston Martin was looking to axe 5% of staff.
Transport & Logistics

Aston Martin to cut up to 20% of staff as turnaround stalls

The British company expects savings of around £40 million from the reductions

WiseTech creates software that helps companies from shippers to logistics firms plan and manage the flow of goods around the world.
Telcos, Media & Tech

Software maker WiseTech to cut 30% of workforce in AI shift

The job cuts will be made this fiscal year and next

HSBC unveiled a cost-cutting programme last year as chief executive officer Georges Elhedery tries to strip out layers of management and cut 8% of employee costs.
Banking & Finance

HSBC cuts 10% of US debt capital markets team amid overhaul

The bank is set to report earnings on Feb 25

Walgreens plans to shutter fewer than 100 locations this year, fewer than previously planned, and open four new ones, a company spokesperson says.
Consumer & Healthcare

Walgreens cuts hundreds of jobs after private equity buyout

The pharmacy chain is also slowing down its store closures

Santos employs around 4,028 people, according to its 2025 annual report issued along with the results announcement, implying the layoffs would affect around 400 roles.
Companies & Markets

Santos to cut 10% jobs as growth projects near end, annual profit misses estimates

The gas producer did not provide any further details on the cuts

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More