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Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.…
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Jobs
Business
Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday (Oct 16), as the world’s largest…
Business
UK jobs market slowdown shows signs of easing before budget
Wage growth in the private sector slowed to 4.4% in the three months through August The UK labour market showed further signs of…
Business
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial…
Business
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries From technology…
Business
US: Wall Street closes higher as investors shrug off jobs data, US shutdown
Wall Street’s main stock indexes rose on Wednesday (Oct 1), with strong support from the healthcare sector, despite weaker-than-expected…
Business
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
Business
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand…
Business
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
Fed’s Powell strikes middle path on inflation, jobs, as others take sides
US Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation…
Business
Asian markets enjoy record day as new US jobs data fans rate cut hopes
Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a…
Business
Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Ozempic-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Asia: Markets rally as new US jobs data fans rate cut hopes
ASIAN markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market…
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Hasbro will move toy headquarters to Boston, creating 700 jobs
Hasbro, the company behind the Monopoly board game, is moving its headquarters to Boston from Pawtucket, Rhode Island, boosting the city’s…
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Oil prices settle down more than 2% after weak US jobs report
Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further…
Business
US: Stocks dip after poor jobs data
Wall Street stocks finished lower on Friday (Sep 5) as markets grappled with worries about the latest weak US labour market data, which…
Business
OpenAI Steps Into Jobs Market With AI Hiring Platform, Training Programs, and Chip Ambitions
OpenAI will build an AI-powered platform that will help you get a job. The move pits OpenAI directly in competition with LinkedIn, the…
Business
US: S&P 500, Nasdaq hit record high after weak jobs data
The S&P 500 and the Nasdaq hit record highs on Friday (Sep 5) after weaker-than-expected August jobs data bolstered expectations for…
Business
Aerospace advancements create jobs that ‘Singaporeans will want to take up’: EDB vice-president
Technological progress in aerospace is creating attractive jobs, but also increasing the need for upskilling, said panellists in a Sep 3…
Business
US: S&P 500 rises to fresh record ahead of jobs data
stocks shook off early weakness on Thursday before climbing, with the S&P 500 ending at a fresh record on hopes a slowing employment…
Business
US: Wall St indexes open mixed after jobs data
Wall Street opened mixed on Thursday (Sep 4) after a weaker-than-expected private payrolls report, while Salesforce shares dropped as the…
Business
Singapore stocks climb on weak US jobs data, rate-cut expectations; STI up 0.2%
Stocks on the Singapore Exchange (SGX) rebounded on Thursday (Sep 4), tracking a mixed performance in Asian markets amid weak US jobs data…