Image via Vulcan Post
PropertyLimBrothers: Layoffs
PropertyLimBrothers laid off 90% of PLB Media staff (~90 employees) across editorial, tech, video, and overseas teams, with realtor exits also occurring
Source: Vulcan Post
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 98.6 (Neutral), down 1.4 month-on-month — shows Asia signal flow rising (+2.4pts).
PropertyLimBrothers: 1 signal in the last 90 days; 0.1% of MitchelLake's Asia signal flow.
MitchelLake in this thematic
More signals across Asia
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Opendoor →Opendoor shut down entire India office with approximately 250 employee layoffs, citing AI-led automation. Company consolidated manual workflows previously handled by offshore Indian employees.
Layoffs · Asia
Shopee →Shopee laid off approximately 8% of developer workforce globally (hundreds of developers), with Singapore product and engineering teams particularly affected. Restructuring driven by shift toward AI initiatives
Layoffs · Asia
Innovaccer →Healthtech unicorn laid off 340 employees globally (across India and US) as third restructuring in 4 years. CEO stated transition to 'AI-native company' as reason. Part of broader organizational realignment toward 'lean, fast and focused' structure.
Layoffs · Asia
Fintech firm in Hangzhou →Chinese fintech company attempted to fire employee citing AI replacement would be cheaper, but court ruled this illegal
Capital Raising · Asia
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Strategic Hiring · Asia
Raise Securities →Raise Securities (parent of fintech platform Dhan) reported Rs 905 crore revenue in FY26 with elevated marketing spend and team expansion driving 20% profit decline year-over-year.
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