GovTech

Layoffs · Asia

GovTech retrenched 38 employees in a second round of layoffs and expects 7-9% of its workforce (roughly 270-350) to be affected over two years, including a third round, while shifting work in-house and seeking to hire software engineers, product managers, designers, data specialists and cybersecurity professionals.

Layoffs · Asia

Singapore security robotics firm Kabam is ceasing operations on 20 November; it was among the first six firms supported under the city-state's RoboNexus accelerator programme.

Layoffs · Asia

Crystal Jade closed four outlets and cut 120 jobs in Singapore ahead of a proposed sale. Consolidation reduces operating footprint from 13 to 9 locations.

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.