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Tech
SAP shares surge on 8,000-job restructuring to build out AI
It will increase its focus on strategic growth areas like business AI, and identify AI-driven efficiencies in its operations.
January 24, 2024
Digital Economy
What's gone wrong with e-commerce? A look at Alibaba's Lazada, TikTok Shop and PDD's Temu
Dethroned by PDD Holdings, Alibaba contends with greater structural problems. New e-commerce competitors force them to adapt.
January 18, 2024
Banking & finance
StanChart trimming more than 100 roles as part of cost cuts
The bank has previously said it is targeting US$1.3 billion of savings from 2022 to 2024.
June 08, 2023
News
Tech news in less than 5 minutes – March 2023
Bite-sized news on layoffs, talent management, the future of work, 5G and digital gadgets for productivity.
March 09, 2023
Tech
Meta plans thousands more layoffs as soon as this week
The world’s largest social networking company is eliminating more jobs, on top of a 13% reduction in November.
March 07, 2023
News
Yahoo will eliminate 1,000 jobs in latest tech workforce cuts
Yahoo's restructuring will create a new division called Yahoo Advertising.
February 10, 2023
Tech
Zuckerberg says Meta to cut some middle-management layers
The Facebook parent will also look to cut projects that are not performing or are not crucial.
February 02, 2023
News
SAP plans to sell Qualtrics stake, cut 3,000 jobs
The purpose of the reorganisation and a motivation for the Qualtrics sale is to refocus on its largest business, cloud services.
January 26, 2023
News
IBM to cut about 3,900 workers, still hiring in ‘higher growth’ areas
The cuts will focus on workers remaining after spinning off the Kyndryl and Watson Health units.
January 26, 2023
News
Twitter tells Asia HQ staff to clear desks, work from home
According to sources, Singapore-based staff have now been reassigned as remote workers in Twitter’s internal system.
January 12, 2023