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Tag
layoffs
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Nearly all sinking developer's staff get unpaid leave
Without any money to pay salaries, the Housing Development and Trading Corporation (HDTC) has put nearly all of its employees on temporary unpaid leave starting Nov. 26.
Indonesia tech firm GoTo to cut 600 more jobs
Indonesia's biggest tech firm PT Goto Gojek Tokopedia announced on Friday another round of layoffs aimed at streamlining the organisation and boosting the company's profitability.
Layoffs at real estate firms on the rise
Real estate firms in Vietnam are laying off a growing number of employees due to a stagnant property market.
March 7, 2023 | 03:57 pm PT
Amazon's outlook disappoints as customer budgets stay tight
Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.
February 2, 2023 | 08:28 pm PT
Philips scraps 6,000 jobs in drive to improve profitability
Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value.
January 30, 2023 | 12:23 am PT
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession.
January 18, 2023 | 06:22 pm PT
Goldman Sachs to start cutting thousands of jobs midweek
Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment in the year ahead.
January 9, 2023 | 12:37 am PT
Amazon CEO says job cuts to exceed 18,000 roles
Amazon.com Inc's layoffs will now stretch to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday.
January 4, 2023 | 07:02 pm PT
Twitter's top global policy official departs as layoffs continue
Twitter Inc's public policy chief has left the company amid additional layoffs to the unit on Thursday, sources familiar with the matter told Reuters, as billionaire owner Elon Musk continues to slash costs.
December 22, 2022 | 06:33 pm PT
Gloomy job market makes year-end layoffs dire
Nguyen Thu Huong is upset and worried after her second layoff from a job in a month and does not know where to apply next.
November 27, 2022 | 03:30 pm PT
Facebook parent Meta is preparing large-scale layoffs this week, Wall Street Journal reports
Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday.
November 6, 2022 | 05:50 pm PT
Grab sees no big layoffs despite weak market
Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.
September 25, 2022 | 12:50 am PT
Pandemic closures push 42,500 HCMC residents out of work
Over 42,500 workers in HCMC have lost their jobs in the first five months of 2021 as businesses closed down because of the Covid-19 pandemic.
June 11, 2021 | 01:00 am PT
Real estate companies top worker layoff list amid Covid-19 woes
Two thirds of real estate companies in Vietnam have laid off employees as a result of the Covid-19 pandemic, the highest rate of any sector, a survey found.
August 6, 2020 | 09:07 pm PT
91 labor strikes reported in Vietnam as Covid-19 hits businesses
A labor report revealed 91 wildcat strikes in the January-May period, up 25 cases from a year ago, mostly due to stagnant production.
June 25, 2020 | 05:00 am PT