Job cuts

Top Australia bank CEO says AI will mean smaller teams, no use ‘pretending otherwise’

CBA is Australia’s largest lender and employs more than 50,000 people.

Forum: Demeaning comments on employees reflect badly on companies

America, home of AI, counts its winners, frets about its losers

Rising corporate earnings and “reduced headcount” from AI adoption will not benefit everyone, says the writer.

Fresh grads need to build at least two years of internship experience, soft skills in AI economy

The panel discussion on the future of work in an AI-powered world was moderated by Yvonne Lim, cluster director for Asia Tech x Programme Office and Digital Industry Singapore at Infocomm Media Development Authority. Panellists include Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow, Singapore Management University's president Professor Lily Kong, Singtel Singapore's chief executive Ng Tian Chong.

Tax software firm Intuit to cut 17% of workforce or nearly 3,000 jobs as focus shifts to AI

Investor worries over AI’s potential to disrupt Intuit’s tax software business have sent its shares down 42 per cent in 2026.

StanChart CEO reassures staff after backlash over ‘lower-value human’ remark

Mr Bill Winters' remarks drew sharp condemnation on social media.

Meta cuts 8,000 jobs, including more than 100 in Singapore, according to former employees

The latest round of cuts is expected to hit Meta’s engineering and product teams in particular and additional layoffs could come later in 2026, said people familiar with the company’s plans.

Singapore’s AI pivot will require a very different playbook

Singapore has been a world-class destination for established multinationals for six decades. But that game is getting harder.

StanChart to slash almost 8,000 jobs in AI push

Standard Chartered said it will cut corporate functions roles by more than 15 per cent by 2030.

New Zealand to cut public service jobs in savings push

Finance Minister Nicola Willis said it is time to double down and make even more progress in the area.

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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.