Iran's economy has been battered. Its leaders still think Trump will blink firstIran's economy faces severe disruption from U.S. and Israeli strikes. Factories are shut, leading to mass job losses and soaring prices for...
Iran war: Indian seafood exporters stare at Rs 1,500 crore lossSustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders
Earth just tilted 31.5 inches, leave scientists scrambling for answersPumping vast amounts of groundwater has significantly altered Earth's tilt by 31.5 inches, contributing to sea-level rise. This redistribut...
As firms pivot, AI-led layoffs here to stayGlobal layoffs in tech are accelerating as companies realign workforces for the AI era. In India, firms like TCS and Oracle are trimming jo...
My first market correction was 2008, Radhika Gupta recalls as young Wall Street analystAmid market volatility, Edelweiss Mutual Fund's Radhika Gupta advises first-time investors to prioritize survival and learning. Recalling h...
IT sector driving demand for high-skilled gig workers: SurveyAs companies face the brunt of cost optimisation, the gig economy has emerged as a vital solution to variabilise their fixed costs while wo...
Singapore’s Grab plans biggest round of layoffs since pandemicGrab Holdings Ltd. is preparing its biggest round of layoffs since the pandemic, as the internet company faces stiffening competition in ri...
Southeast Asian tech giant Sea disbands investment arm amid global uncertaintyThe arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on i...
Sea CEO declares 5% raises after Singapore firm turns a profitSea Ltd. said it is giving most employees a 5% pay increase after turning profitable, a milestone for the Singapore e-commerce and gaming c...
Singapore's Sea cuts more jobs at ecommerce unit Shopee: reportIn September, Bloomberg reported that Sea cut 3% of employees at the Indonesian unit.
2022 Year in Review | Tech firms embrace layoffs as recession fears buildAfter two years of staggering growth during the pandemic, online businesses were caught out when Covid began to fade. Russia’s invasion pro...
Amazon follows in Meta’s footsteps, begins mass layoffs: All you need to knowOn Tuesday, Amazon notified the regional authorities in California that it would lay off about 260 workers at various facilities employing ...
Ecommerce firm Shopee tells sacked employees to pay for computersIn recent weeks, Southeast Asia's largest ecommerce firm has cut jobs in various countries and shut down some overseas operations. Shopee's...
Sea Ltd shuts operations in some Latam countries, cuts Free Fire staff in ShanghaiShopee Chief Executive Chris Feng said in an internal email seen by Reuters that "in light of the current elevated macro uncertainty," Sea ...
Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offersFour people interviewed by Reuters who have participated in a WeChat group of some 60 people that was set up to discuss Shopee's withdrawal...
Crypto exchange Gemini lays off more employees in second roundAccording to TechCrunch, Gemini has laid off 7%, or 68 employees, in the second round on Monday.
Navy to implement new plan for warships in Indian Ocean regionThe Indian Navy has been deploying its warships in the Indian Ocean region for carrying out anti-piracy patrol and providing humanitarian a...