Job cuts

Many use SkillsFuture like a ‘voucher shop’. It’s time that changes

SkillsFuture has given us an incentive to learn, but the drive to learn must come from within.

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.

Meta plans to axe about 10% of staff in Reality Labs business as focus shifts to AI

The cuts will affect those in the metaverse unit who work on virtual reality (VR) headsets and a VR-based social network, sources said.

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.

How to AI-proof your job

A 2017 study by Harvard economist David Deming showed that social skills have seen the biggest rewards in the labour market over recent years..

As AI adoption rises, job fears grow across the US

A billboard in New York that sparked a widespread backlash through its provocative "Stop Hiring Humans" message.

From Amazon to Microsoft, AI is driving thousands of job cuts worldwide

Year to date, companies have cited AI adoption as the reason for cutting over 50,000 jobs, although many believe the impact to be much larger.

McKinsey plans thousands of job cuts in slowdown for consulting industry

McKinsey’s leadership has discussed with managers in non-client-facing departments the need to cut about 10 per cent of headcount across their business, according to people with knowledge of the matter.

UBS may cut a further 10,000 jobs by 2027: Swiss report

A reduction of 10,000 jobs would equate to a 9 per cent cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.

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.

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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.