In 2023, more than than 305,000 U.S. workers lost their jobs during a surge of mass layoffs that impacted the tech industry and beyond, CNBC Make It reported. Meta employee Scott Goodfriend was one of those people. After he was laid off from his “dream job” as an augmented reality producer at the tech giant, … Read more
As we prepare to enter 2025 with fresh professional aspirations, it’s worth reflecting on the workforce trends of 2024. While some may carry fond memories of career achievements, for many, especially in the tech sector, 2024 was a challenging year. According to a TNN report, approximately 150,000 jobs were lost across major companies in 2024. … Read more
SINGAPORE: Food and beverage company Yeo’s will lay off 25 workers following Oatly’s decision to close its Singapore plant. This is on top of the 34 Oatly employees in Singapore who will be affected by the Swedish drink company’s decision to stop producing its products here, after first setting up shop in Senoko three years … Read more
OAKLAND – The difficult cuts long promised by city officials to combat a historic local financial crisis are at the doorstep — and layoffs are now officially on the table. A new report released Friday said city officials are contemplating up to 91 layoffs early next year, though an unknown number of those could end … Read more
SINGAPORE: E-commerce platform Carousell announced on Friday (Dec 6) that it is cutting 76 roles across its regional offices, or 7 per cent of the group’s total headcount. “This reorganisation was done proactively to adjust our group strategic choices to match the market reality in some business units, and to reallocate resources to areas that … Read more
Food producer Cargill said Tuesday it will cut about 8,000 jobs globally after falling crop prices tanked profits of the largest privately held company in the US. The Minneapolis-based firm, the world’s largest agricultural commodities trader, plans to slash its 164,000-person workforce by 5%. Most of Cargill’s job reductions would take place this year, the company’s … Read more
SINGAPORE: Training provider FirstCom Academy has been suspended for three months over its non-compliance with guidelines stipulated by SkillsFuture Singapore (SSG). This comes amid layoffs at the company, which focuses on short Workforce Skills Qualifications (WSQ) courses ranging from digital content creation to social media marketing. In a statement on Wednesday, SSG said that it has … Read more
New Delhi: Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise. The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring … Read more
Reuters General Motors confirmed that it is laying off about 1,000 workers. Most of the workers, which are spread around the world, are in white collar jobs. The company emailed affected workers early Friday morning. A majority of them are in the Detroit area. “We need to optimize for speed and excellence,” a statement to … Read more
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the … Read more
