The Business Times
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Tech layoffs

Companies & Markets

Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia

Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI.
Telcos, Media & Tech

Oracle cut 21,000 employees in 2026, says AI replaced some jobs

This will be the first sweeping change under Asha Sharma, who became CEO of Xbox in February.
Telcos, Media & Tech

Microsoft’s Xbox plans significant layoffs as it transforms under new CEO

Michael Spence says that when something revolutionary like AI arrives, people tend to overestimate its impact in the short run and underestimate it in the long run.
International

Now you see it, now you don’t: Why data can’t capture the AI revolution

Qu Xiaoyin represents a new kind of entrepreneur emerging across Silicon Valley even as heavy tech layoffs dominate the news.
International

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

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

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

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

Bank CEOs’ AI obsession collides with warning from watchdogs

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

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

LinkedIn plans to cut about 5 per cent of staff as it reorganises teams and focuses staff on areas where its business is growing, said a source.
Telcos, Media & Tech

LinkedIn is planning to lay off 5% of staff in latest tech-sector cuts, source says

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

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

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