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Amazon.com’s layoffs will now stretch to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting January…
This month’s crypto crash is unlikely to keep graduates, drawn to blockchain, from continuing their careers in crypto. With top-notch master’s degrees in banking and finance from the University of St Gallen, Markus Geissler (27) and Bastian Wetzel (26) would…
Germany’s BMW plans to create up to 6,000 new jobs next year to prepare for growing demand for its electric vehicles, the carmaker’s chief executive told daily Muenchner Merkur. BMW is on a very good path through the transformation and has its plants prepared…
HSBC’s turned a profit in 2021. Planned job cuts are not expected to affect the client business. The Swiss subsidiary of British financial group HSBC reported a pre-tax profit of $44 million last year, more than reversing the previous year’s loss of $16…
Vedanta Chairman Anil Agarwal on Tuesday said India is on the path of encouraging ease of doing business and stressed that the government is production-minded and not revenue-minded. In a tweet, Agarwal said trust, talent, and technology are the cornerstones…
Germany’s BMW plans to create up to 6,000 new jobs next year to prepare for the growing demand for its electric vehicles, the carmaker’s chief executive said. BMW is on a very good path through the transformation and has its plants prepared for e-mobility,…
Singapore’s OCBC has created more than 50 sustainability-related jobs over the last two years as part of a broader plan to internally promote the space. The 50 jobs span across sustainable business development, sustainable product development, sustainability…
If funded, about 13,000 renewable energy projects proposed in nearly 50 countries could slash emissions and create work, researchers find. From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in…
Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. The business had been struggling because of the Covid-19 pandemic, but after a February 1 coup that sparked mass…
Forty-five percent of Vietnamese are worried about losing their jobs to machines in the future, a survey has found. Most respondents, 83 percent, think technology would change their jobs in the next 3-5 years, and 90 percent think that would happen in the…
Standard Chartered unveiled growth targets for its Greater Bay Area business, including the addition of nearly 1,000 new jobs. The Asia-focused British lender will grow its Greater Bay Area (GBA) headcount from 1,4000 now to 2,500 in 2023, according to its…
Vietnam’s labor export has plunged this year due to pandemic imposed travel restrictions and fear of contracting the virus abroad. The number of Vietnamese leaving abroad for work in the first nine months fell 59 percent year-on-year to just over 42,800,…
Standard Chartered will kick off a fresh round of job cuts, joining rivals that have resumed reductions amid an economically crippling coronavirus pandemic. The London-headquartered lender will cut several hundred jobs globally, according to a report citing…
AirAsia Philippines said ticket sales were increasing as it gradually ramped up operations and offered flexible rebooking options amid the new coronavirus pandemic. The budget carrier, part of Malaysia’s AirAsia Group, said June ticket sales rose by 30…
HSBC’s cost-saving drive is reportedly set to accelerate even in its most profitable markets in Asia following the departure of its global head of equities. Hossein Zaimi is leaving HSBC, according to a report citing two unnamed sources, after joining the…
Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk. The auto industry has been hit hard by…
