Cost-cutting/Restructuring

BlackRock cuts hundreds of jobs, trimming about 1% of staff

The reductions amount to about 250 employees firmwide and include members of its investment and sales teams.

Citi to cut about 1,000 jobs this week as CEO trims costs

The US banking giant, which had 227,000 employees at the end of September, is culling its ranks as part of a plan to eliminate 20,000 jobs by the end of 2026.

Regional offices across Asia could see bulk of job cuts as MNCs adopt AI

Regional hubs are undoubtedly more vulnerable to layoffs arising from AI.

Meta’s Zuckerberg plans deep cuts for metaverse efforts draining company’s resources

Meta CEO Mark Zuckerberg is seen pivoting to more promising businesses like AI glasses.

Exxon to cut 2,000 jobs in global restructuring

The layoffs represent about 3 per cent to 4 per cent of ExxonMobil’s global workforce and are part of the company’s ongoing efficiency drive, it said.

Ad giant Dentsu plans to cut about 3,400 overseas jobs to trim costs

The move comes as the company reported an operating loss of 62 billion yen for the quarter ended June.

Layoffs? Price increases? US companies make hard choices as Trump’s tariffs set in

Barry Barr, founder of KAVU True Outdoor Wear, at the firmÕs offices in Seattle, Aug. 8, 2025. Businesses that had been in a holding pattern during the early months of the Trump administrationÕs trade war are starting to plan ahead with more conviction; for KAVU, it will mean higher prices to consumers on many items. ÒWhat we need to thrive is stability and not chaos,Ó Barr said. (Grant Hindsley/The New York Times)

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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.