GDG

Layoffs · Oceania

MaxCap, a non-bank property lender backed by Apollo, is set to cut about a third of its staff after exposure to failed property developments, signalling stress in private credit.

Layoffs · Oceania

Revolution Watch headline reports leadership shakeups at Zenith alongside job losses and a retail store closure.

Layoffs · Oceania

Reporting indicates hundreds of Westpac jobs are at risk of being cut at the Australian bank.

Layoffs · Oceania

Apollo-owned non-bank lender MaxCap is set to cut around a third of its employees amid a private credit slump and exposure to failed property developments.

Layoffs · Oceania

eBay is cutting about 9% of its workforce (roughly 1,100 jobs, based on 12,300 staff at end of last year) to simplify operations and redirect resources to its fastest-growing areas such as authenticated luxury, collectibles and refurbished goods. This follows a separate ~6% (800-person) cut in February.

Layoffs · Oceania

Electronic Arts will close the BioWare studio (Mass Effect and Dragon Age) and cut about 400 jobs, roughly 3% of staff, per Bloomberg. The next Mass Effect game and a planned Sims project are cancelled. The company went private in a $55B buyout in August.