'Is this a leadership problem?' asks investor as Amazon says it will lay off 18,000 workers
FRIDAY, JANUARY 06, 2023
Amazon.com Inc's layoffs will now include 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 Jan. 18, will largely impact the company's e-commerce and human resources organizations.
Thousands face the axe as Shopee trims its regional operations
TUESDAY, JUNE 14, 2022
Sea Group, the operator of the ecommerce platform “Shopee”, announced on Tuesday that it will lay off thousands of employees in the region to modernise its business operations.
United may lay off nearly 36,000 workers despite receiving billions in aid
THURSDAY, JULY 09, 2020
United Airlines announced Wednesday that despite receiving billions in federal aid, it may furlough nearly 36,000 employees Oct. 1, a scenario one union official called a "gut punch."
'Thai unemployment at nearly 10 per cent' due to Covid-19
FRIDAY, JUNE 05, 2020
The unemployment rate of Thai people in Bangkok and nearby provinces increased to 9.6 per cent due to the impact of Covid-19 and the lockdown measures, Kasikorn Research Centre said.
Europe’s largest bank by assets, HSBC, is planning to cut thousands of jobs after the surprise announcement of chief executive John Flint’s departure, according to the Wall Street Journal.
Union seeks higher compensatory rates amid prospect of TMB-Thanachart merger
FRIDAY, JULY 19, 2019
The labour union at Thanachart Bank (TBANK) has asked the Finance Ministry for its workers to be paid higher than minimum wages due to the likely layoffs that will follow its merger with the Thai Military Bank (TMB).
Taiwan smartphone maker HTC to lay off 1,500 workers
TUESDAY, JULY 03, 2018
Taiwan's struggling smartphone maker HTC announced Tuesday it would slash 1,500 jobs, around a fifth of its total workforce, in the biggest staff cull for three years following heavy losses.