Tech layoffs

Cisco is benefiting as companies expand spending beyond AI processors to the high-speed networks required to connect large data-centre systems.

Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge

The restructuring plan is expected to cost the company up to US$1 billion

Affected staff who cannot be redeployed will be given transition support, including severance payments and career transition services.

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

AI tools from Anthropic and others have emerged as potential existential threats to traditional software makers.

Freshworks to cut 11% jobs as AI reshapes software industry

The restructuring will affect departments globally, the company says

PayPal has struggled despite its storied history as a financial-technology company.

PayPal plans job cuts as its new CEO pursues turnaround strategy

PAYPAL plans to cut costs and jobs as new chief executive officer Enrique Lores seeks to turn around the payments company that’s faced stiff competition in recent years.

Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, Coinbase said in a filing.

Coinbase to cut 14% of workforce, citing volatile markets and AI

The layoffs is the latest in a string of workforce reductions across the crypto and payments sectors

To capture the SME market in Asia-Pacific, Oracle is heavily leveraging its AI Customer Excellence Center in Singapore.

Oracle anchors Apac AI growth through Singapore but layoff concerns loom

SMEs operating in Asia is a main growth driver as many of them route their operations through Singapore

Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

BT rounds up recent moves by major companies to pare their workforce in 2026