Job cuts

BlackRock cuts another 200 jobs globally

The world’s largest asset manager has trimmed headcount three times over the past 18 months.

BBC to cut hundreds of jobs in Britain in news division downsize, FT reports

Departments across the BBC have been ordered to cut about a tenth of their costs.

Microsoft’s Xbox plans major layoffs in July: Sources

Xbox has spent the past two years shuttering studios, cancelling games and raising prices.

Tata boss predicts AI agents will replace half of tech jobs at TCS

Tata's chairman said the company plans to reduce hiring in the coming years as it steps up the use of AI.

Sea’s Shopee cuts hundreds of developer jobs in pivot to AI

The reductions, which started this week, amount to about 8 per cent of Shopee’s developer workforce.

India’s Paytm plans to hire 4,000 people in AI pivot as it cuts 400 staff

The digital payments operator has been revamping its business after Indian regulators targeted its banking affiliate two years ago.

Banks lay groundwork for mass workforce cuts as AI takes hold

Most bank executives are in agreement: Jobs will be cut as AI is implemented.

Now you see it, now you don’t: Why data can’t capture the AI revolution

Nobel prize winner Michael Spence says that when something revolutionary like AI arrives, people tend to overestimate its impact in the short run and underestimate it in the long run.

How one tech company created 13 new types of jobs because of AI

Aaron Levie, the chief executive of Box, expects to have more employees, not fewer, as it hires artificial intelligence architects, AI solutions managers and other new AI-related positions.

Commentary

Retrenchments: Why early disclosure may do more harm than good

Investors value Singapore’s labour market flexibility; it is part of what keeps investment here and sustains good jobs, says the writer.

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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.