SINGAPORE: Fashion retailer Love, Bonito has cut about 6.9 per cent of its total workforce, or 29 corporate roles globally. Fourteen roles in Singapore were impacted, it said on Thursday (Oct 17) in response to CNA’s query. Impacted individuals will be provided a supportive package that is “in line with local regulations”, Dione Song, CEO of Love, … Read more
Boeing will send layoff notices to thousands of its employees within the coming weeks and a senior US official has flown to Seattle to encourage negotiations between the planemaker and the union, according to a report. Boeing will next month send 60-day notices to thousands of workers, including employees in its commercial aviation division, a … Read more
SINGAPORE: Dyson had submitted its mandatory retrenchment notification to the Ministry of Manpower (MOM) within five working days of notifying affected staff, which was “on time”, the ministry said on Saturday (Oct 12). This enabled the Taskforce for Responsible Retrenchment and Employment Facilitation – comprising representatives from MOM, Workforce Singapore, National Trades Union Congress (NTUC) and NTUC’s … Read more
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will … Read more
SINGAPORE: When Dyson conducted “surprise” layoffs in Singapore last week, it received a rebuke from the union representing its workers about the one-day notice it gave to inform the union of the retrenchment. Although the consumer appliances firm abided by the law, the way the layoffs were done may have affected its reputation, business analysts told … Read more
ABC News and its local stations group got hit with 75 job cuts Wednesday as part of an ongoing restructuring at parent company Disney. ABC News president Almin Karmehmedovic broke the news to staffers in a memo obtained by The Post, telling them that the network has had to make some “tough decisions.” “Across the various … Read more
Beachbody will slash a third of its workforce and overhaul its business model as part of a restructuring that seeks to cut tens of millions of dollars. The Southern California-based fitness and nutrition company announced on Monday that it would transition from its direct sales multi-level marketing structure to a single-level affiliate program that is … Read more
Warner Music Group said Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a revised strategic restructuring plan to free up funds. In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees – about 10% of its workforce. The job cuts … Read more
The recent wave of layoffs in the tech industry, with over 27,000 job cuts in companies like Apple, Cisco, IBM, and Intel, has sent shockwaves through the IT sector. These layoffs, driven by an economic slowdown and declining demand for IT products, are a stark reminder that even tech giants are not immune to market … Read more
Gwyneth Paltrow’s Goop will slash nearly 20% of its workforce as it scrambles to pivot away from its image as a wellness and lifestyle brand to focus on peddling its beauty products, according to reports. The company — which gained notoriety with products like a candle called “This Smells Like My Vagina” and psychic vampire … Read more
