layoffs

Company in the news

Amid losses and IPO delays, Ninja Van conducts layoffs in tech office

Ninja Van has announced a bout of layoffs, letting go of 20% of its local tech team.
Yahoo to lay off all journalists, social media executives in Singapore - THE EDGE SINGAPORE

Company in the news

Yahoo to lay off all journalists, social media executives in Singapore

EXCLUSIVE: Yahoo is letting go of its editorial and social media teams in Singapore.
One in two employers surveyed plan to hire more permanent staff in 1H2024: Jobstreet by Seek - THE EDGE SINGAPORE

Labour market

One in two employers surveyed plan to hire more permanent staff in 1H2024: Jobstreet by Seek

Nearly one in two employers believe the job market will be more active in 1H2024, but just one in three say the same for 2H2024.

Company in the news

PropertyGuru cuts 79 jobs amid organisational changes

The 79 roles make up about 5% of the company’s total workforce.
What may be included in Singapore's unemployment benefits for retrenched workers? - THE EDGE SINGAPORE

Budget 2024

What may be included in Singapore's unemployment benefits for retrenched workers?

“[The government may] even institute a tax on wages after re-employment that is greater the longer the unemployment duration.”
IBM sees strong 2024 sales, free cash flow; Job cuts planned - THE EDGE SINGAPORE

Tech

IBM rallies most in four years on rosy outlook for 2024

It will likely spend the same amount on restructuring as it did last year, but will continue to hire for certain positions.
SAP shares surge on 8,000-job restructuring to build out AI - THE EDGE SINGAPORE

Tech

SAP shares surge on 8,000-job restructuring to build out AI

It will increase its focus on strategic growth areas like business AI, and identify AI-driven efficiencies in its operations.
What's gone wrong with e-commerce? A look at Alibaba's Lazada, TikTok Shop and PDD's Temu - THE EDGE SINGAPORE

Digital Economy

What's gone wrong with e-commerce? A look at Alibaba's Lazada, TikTok Shop and PDD's Temu

Dethroned by PDD Holdings, Alibaba contends with greater structural problems. New e-commerce competitors force them to adapt.

Banking & finance

StanChart trimming more than 100 roles as part of cost cuts

The bank has previously said it is targeting US$1.3 billion of savings from 2022 to 2024.
Tech news in less than 5 minutes – March 2023 - THE EDGE SINGAPORE

News

Tech news in less than 5 minutes – March 2023

Bite-sized news on layoffs, talent management, the future of work, 5G and digital gadgets for productivity.
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