Cost-cutting/Restructuring

News analysis

Ohmyhome restructuring: ‘Business as usual’, but owners owe shareholders an explanation

Ohmyhome’s founders have yet to provide a clear explanation to shareholders on why the property business is now being run as a private entity.

Meta head of product for ‘AI for work’ transformation leaving company

Staffers have criticized Meta's AI-centered restructuring, which has included laying off 10% of workforce.

Meta cuts 8,000 jobs, including more than 100 in Singapore, according to former employees

The latest round of cuts is expected to hit Meta’s engineering and product teams in particular and additional layoffs could come later in 2026, said people familiar with the company’s plans.

Meta moves 7,000 workers into AI roles ahead of job cuts

Meta Chief People Officer Janelle Gale told employees the company plans to move 7,000 employees to new initiatives related to AI workflows and to eliminate managerial roles.

IKEA franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls

HSBC reviews $48,000-per-child school fee perk for HK bankers to cut costs: Sources

Hundreds of staff have access to the perk, which costs tens of millions of dollars annually.

AI adoption is not a technology problem. It’s a leadership one

At its core, the gap between AI adoption and productivity gains is a management one.

OpenAI discontinues support for Sora and winds down Disney deal

OpenAI chief executive officer Sam Altman (above) said the company is focusing its efforts on AI agents and a new artificial intelligence model called Spud.

Manchester United's transformation plan delivers second-quarter profit despite revenue drop

Seatrium shares jump on $50 million savings target through asset divestments

The divestments represent an acceleration in Seatrium’s asset portfolio optimisation strategy, says the group.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.