job cuts

UBS to cut hundreds of wealth jobs in Asia as activity slows - THE EDGE SINGAPORE

Wealth

UBS to cut about a hundred wealth jobs in Asia as activity slows

The bank reduced some overlapping roles in the past months and further cuts are expected through November.

US stocks

Five things to watch in what will be an ugly earnings season

While analysts estimate that profits for S&P 500 companies may fall by 8%, they also see it as the low point.

Digital Economy

Indonesia's GoTo joins global tech cuts in slashing 1,300 jobs

GoTo says “it must accelerate its progress towards becoming a truly sustainable and financially independent business"

US Economy

Goldman to cut several hundred jobs starting this month

The reductions are a resumption of Goldman’s annual culling cycle

Banking & finance

Barclays to cut around 100 senior jobs at investment bank

Globally, banks announced almost 80,000 job cuts last year -- the most since 2015.

Restructuring

Deutsche Bank cuts 18,000 employees in $11.3 bil 'reinvention'

(July 9): Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($11.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares.

Restructuring

Standard Chartered to cut Dubai, Singapore jobs

LONDON/DUBAI (Dec 3): Standard Chartered Plc is cutting jobs in Dubai and key markets including Singapore as it looks to curb expenses, people familiar with the matter said.

KCG said to eliminate 10% of staff, shut two offices in Asia

NEW YORK (May 23): Trading firm KCG Holdings Inc., which Virtu Financial Inc. is buying for more than US$1.3 billion ($1.8 billion), is eliminating 10% of its staff and shutting offices in Singapore and Mumbai, according to a person familiar with the ma

Loss-making Cathay Pacific makes biggest job cuts in 20 years

(May 22): Cathay Pacific Airways said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.

Aviation & Engineering

Boeing to dismiss hundreds of engineers amid sales slowdown

CHICAGO (April 18): Boeing Co. plans to lay off hundreds of engineers in Washington state and other locations -- and may eliminate more jobs later this year as the planemaker contends with slowing aircraft sales.
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