Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5) as bargain hunters stepped in after bullion…
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Jobs
IBM to cut thousands of jobs in fourth quarter amid software focus
IBM will cut roles this quarter, the company said on Tuesday (Nov 4), potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall…
Footwear, Fashion Job Losses Surpass 17,250 And Continue to Climb
Global job losses in fashion and are climbing in 2025. Shoe firms and fashion retailers — including Nike, Puma, Saks Global and Target, among others — are cutting jobs as part of a larger…
Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs
It will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Tekscend Photomask broke ground on its new Singapore manufacturing facility on…
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30) said it would cut 900 jobs in its corporate…
Puma Posts Bruising Q3, To Cut 900 Jobs
BERLIN – Organic sales at Puma fell 10.4 percent in the third quarter to 1.96 billion euros. The German activewear firm blamed a strategic “reset” as it navigates “several company-specific…
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars, Detroit News reported on Wednesday (Oct 29). The…
UPS reports 48,000 jobs cut in the year to date
United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts.…
Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth
The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike As Singapore’s Jurong Island embarks on a green pivot, the energy and chemicals hub will have…
Target to Slash 1,800 Corporate Jobs
Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The Minneapolis-based retailer has been experiencing a…
Tech and media layoffs October 2025: Rivian, Meta, Paycom, NBC News, and more cut jobs this fall
Electric-truck maker Rivian is laying off another 600 people, or about 4% of its workforce as the global demand for electric vehicles decreases, the Wall Street Journal reported. This…
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported…
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. The company declined to comment on the job cuts, but…
Meta AI layoffs today: 600 jobs are already being cut from Alexandr Wang’s superintelligence lab
Meta, which owns and operates Facebook and Instagram—as well as Threads, Messenger, and WhatsApp—announced on Wednesday it is laying off about 600 employees from its new AI…
Nestle, the world’s largest packaged food company, will cut 16,000 jobs
Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence. The jobs being cut…
Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will cut 16,000 jobs, new chief executive officer Philipp Navratil said on Thursday (Oct 16), as the world’s largest packaged food company seeks to cut costs and win back investor…
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 stabilisation in data released on Tuesday (Oct 14), with…
Neither side flinches as shutdown pain intensifies, thousands of federal workers lose their jobs
The government shutdown is taking a heavy toll on federal workers, with 4,000 receiving layoff notices as President Trump ratchets up the pressure on Democrats to sign off on the…
Video: How the Government Shutdown Will Be Felt
new video loaded: How the Government Shutdown Will Be Felt The effects of a shutdown tend to unfold in stages. As agencies, departments and federal employees figure out how to weather the…
20 Years After a Landmark Disney-Apple Deal, Anne Sweeney Recalls Negotiating With Steve Jobs
On Oct. 12, 2005, Apple and Disney stunned the media world with an unprecedented deal to make primetime TV programming available on mobile device for digital purchase without needing an…
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 intelligence reshape the country’s US$280 billion IT…
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 firms to translators, the world has not faced up to…
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
The company has expanded rapidly over the past decade, but more recently has faced higher costs from supply chain disruption and inflation Orsted, the world’s biggest offshore wind farm…
Some of America’s best jobs have a PR problem
Too many jobs today have a PR problem, limiting opportunities for our young people and our economy. The jobs that now exist and the training needed for them have changed dramatically over…