Retrenchment

Aid available for struggling Malaysian media firms, says minister

Malaysia’s Minister of Communications Fahmi Fadzil (right) sharing a light moment with SMG chief content officer Esther Ng (centre) and SMG general manager of corporate affairs and sustainability Zuhaila Sedek during the launch of the Journalists’ Health Screening Programme.

Retrenchments in Singapore inch up in Q3 2026

There were 4,800 layoffs between July and September, up 3.9% from 4,620 in the previous quarter – the highest numbers since late 2020.

Why the US economy looks strong but feels bad to many

Since the end of 2019, overall consumer prices in the US are up by about 30%. Groceries are 32% more expensive.

GovTech retrenches 38 employees in second wave of layoffs

GovTech said the 38 affected roles in its second round of layoffs are primarily structured around traditional project delivery.

Netflunks: Why is the world’s most popular streamer laying off 1,000 people?

Netflix says it wants to become a trillion-dollar company and is expanding into advertising, video podcasts, creator content and games.

National Australia Bank to cut 2,500 jobs in cost overhaul as credit growth slows

National Australia Bank is Australia’s biggest business lender.

Ubisoft slashes 70 jobs in Singapore; experts point to financial woes, not AI

Ubisoft Singapore laid off 70 employees on Oct 14, which makes up around 20 per cent of its total local workforce.

Netflix cuts of film and TV executives hint at programming woes

Ted Sarandos, co-chief executive officer of Netflix, said the company would continue to invest aggressively in areas that improve the service and drive growth.

Netflix cuts about 6% of jobs in biggest layoff since 2022, WSJ reports

The streaming giant’s layoffs come as it faces intense competition for users’ time in a consolidated media market.

News analysis

Debate on how to protect workers will move from ensuring benefits to finding new jobs as retrenchments rise

Even as protections are debated, the next pressure point on this promise is emerging: getting retrenched workers and fresh grads into jobs.

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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.