Crystal Jade

Layoffs · Asia

12 industries across Singapore lost over 10,300 jobs in the first half of 2026, with Food & Beverage (-3,400) and IT & Information Services (-1,700) hardest hit. IT sector has shed 6,200 positions since Q4 2024 despite reported strong demand.

Layoffs · Asia

Zomato laid off approximately 240 employees and shut down its customer support operations in Hyderabad. The company is consolidating remaining in-house support to Gurugram and has outsourced a larger share of customer-support work to external partners over the past six months.

Layoffs · Asia

Hyundai Motor facing cumulative production losses exceeding 60,000 vehicles due to prolonged labor strikes over wage negotiations. Union escalating action with four-hour partial strikes, eight-hour full-scale strikes, and extended walkouts. Lost sales estimated at 2.6 trillion won ($1.85B). Part of broader context of 10 consecutive months of year-on-year sales declines.

Layoffs · Asia

Nokia plans to cut most mainland China jobs by end-2026. The company had approximately 7,200 employees across mainland China, Hong Kong, and Taiwan at the end of 2025.

Layoffs · Asia

Panasonic Malaysia announced retrenchment of 541 employees (415 local, 126 foreign workers) across two stages: October 31, 2026 and March 31, 2027. Closure of production operations for two products affecting 400 employees by end of March 2027. Total severance estimated at RM64.38 million.

Layoffs · Asia

FalconX, a digital asset prime broker, cut 10% of its workforce amid prolonged crypto market downturn and is withdrawing its Singapore license application as part of a strategic refocus.