Job cuts

Microsoft to offer buyouts to 60,000 workers in latest cost cut

The world’s largest software maker has shed tens of thousands of workers in waves of layoffs in recent years.

Dutch government plans to cut 25,000 jobs in AI-led overhaul, eventually saving $5b a year

Dutch Prime Minister Rob Jetten (left) watching a demonstration by an AI robot in Amsterdam on Oct 7.

Volvo Cars to cut 2,500 jobs as third quarter swings to loss

Volvo Cars will cut 2,500 jobs, mostly in Sweden, amid tough competition from Chinese automakers and weaker sales in the US.

US media group Comcast planning significant job cuts as part of reorganisation

The company has been losing cable TV subscribers for some time as customers cut the cord in favour of streaming options.

eBay to lay off 9% of workforce in push to simplify operations, internal memo shows

EBay has set itself apart from rivals by pushing into authenticated luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items.

AI to cut headcount at more than half of British firms, CFOs say

Deloitte said on Oct 14 that 52% of CFOs expect to cut headcount due to the technology, with AI adoption still in its early stages.

US supermarket chain Kroger plans to eliminate 3,000 corporate roles, memo shows, as it expands AI use

Kroger’s CEO said the company should reduce duplicative work and adapt with technology, as job cuts would help the company cut prices and invest in in-store employees.

How your AI agent may level the playing field against companies

A worker in New York unloading packages from online agent Amazon, which has blocked agentic shopping.

Asked to ‘do the impossible’: UN refugee chief warns aid cuts threaten vital lifelines

United Nations High Commissioner for Refugees (UNHCR) Barham Salih says the UN refugee agency has slashed its workforce from 20,000 in 2024 to just under 12,000.

IMF chief alarmed at ‘slow-moving tsunami’ of AI for jobs

Kristalina Georgieva said the technology is already hollowing out demand for human workers by taking over routine tasks, while increasing low-paying jobs in sectors such as construction.

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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.