Tech layoffs

AI-linked layoffs in US spark new wave of one-person start-ups

Over 100 tech companies cut more than 115,000 jobs in the first quarter of 2026

Uber has about 10 million drivers, most of whom are classified as independent contractors.

Uber cuts 23% of people division as new president takes charge

The layoffs represent less than 1% of the ride-share company’s global workforce

HSBC is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices.

Bank CEOs’ AI obsession collides with warning from watchdogs

The question of how to regulate AI is evolving across jurisdictions

Over 140 tech companies have laid off more than 111,000 employees this year, according to Layoffs.fyi.

Intuit to cut 17% of global jobs to streamline operations: memo

It joins a growing list of companies that have announced job cuts this year

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.