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SINGAPORE JOB CUTS
Singapore layoffs hit highest level since 2020 in third quarterSingapore recorded 4,800 retrenchments in the third quarter of 2026, the highest level since late 2020 during the Covid-19 pandemic. The ri...- Former Microsoft employee tells wife he was lucky to be fired from tech sector in 2022. What is he doing now?Former Microsoft employee Ian Yong Hoe Tan says he feels fortunate to have been retrenched in late 2022, amid growing concerns about AI-dri...
- As the US and China form AI blocs, countries are increasingly torn between themCountries like Kazakhstan are trying to balance between U.S. and China AI initiatives for technological gains. Indonesia has expressed inte...
- India’s business owners need to match the global ambitions of Korean and Chinese peers: Gautam Kumra, Chairman of McKinsey's offices in AsiaMcKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, acco...
- Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
- Google faces backlash against India data centreHandcuffs encircle Google's logo on one campaign poster, while another warns that people "cannot drink data", as opposition mounts to the t...
- Investors’ bets on Ola shrink as EV, ride-hailing businesses lose groundAs competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuat...
- New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock marketFor decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credi...
- Global funds sour on India stocks as some cut allocation to zeroGlobal investors are reducing Indian equity exposure due to a lack of AI investment themes. Foreign portfolio ownership has fallen to a sev...
- 15-year-olds are reading, calculating and reasoning worse than ever, thanks to AI, OECD findsGlobal 15-year-olds show weakest performance in reading, math, and science tests. Reading scores declined significantly, with students now ...
- Uber layoffs impact India; RMG ban, a year onHappy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
- Air India’s $1.5 billion funding ask sparks backlash in Singapore parliamentA Singapore politician questions the logic of Singapore Airlines supporting Air India. He opposes using Temasek funds for Air India's turna...
- Mark Zuckerberg had a bold plan to replace Meta staff with AI. Here's how it imploded.Meta considered cutting some teams by as much as 60% under an AI-driven restructuring plan, Reuters reported. The company ultimately cut 10...
- StanChart CEO apologises for 'upset caused' by AI commentsStandard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is...
- Singapore urges financial firms to use AI to create better jobsSingapore's Deputy Prime Minister Gan Kim Yong is encouraging banks and financial companies to leverage artificial intelligence. The focus ...
- Meta begins 8,000 global job cuts in Asian hub of SingaporeMeta Platforms is laying off approximately 8,000 employees globally as part of a restructuring to boost efficiency and reduce costs, while ...
- Mark Zuckerberg’s Meta Superintelligence Lab hiring in Singapore, says Chief AI Officer Alexandr Wang: ‘DM with a resume’Meta's Superintelligence Lab is growing in Singapore. This expansion follows the acquisition of Manus AI, adding 100 employees. The move co...
- Singapore's Sea cuts more jobs at ecommerce unit Shopee: reportIn September, Bloomberg reported that Sea cut 3% of employees at the Indonesian unit.
- Singapore Airlines to cut 4,300 jobs due to pandemic, most in its historySingapore Airlines Ltd said on Thursday it would cut 4,300 positions, or around 20% of its staff, due to the debilitating impact of the cor...
- Neptune Orient Lines to cut 1,000 jobsShipping and logistics company Neptune Orient Lines will cut 1,000 jobs to deal with industry downturn.
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