Image via Fintechnews Singapore
ShopBack: Layoffs
ShopBack posted net profit of US$208.4M in FY2025 after conducting layoffs and cost cuts, with turnaround driven mainly by fair value gains rather than core business recovery
Source: Fintechnews Singapore
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: This lands while the Talent Market Index reads 98.6 (Neutral) — down 1.4 versus the prior month — and Oceania signal share is steady (+1.3pts).
ShopBack: 1 signal in the last 90 days; 0.1% of MitchelLake's Oceania signal flow.
MitchelLake in this thematic
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Seven Network →Seven Network is implementing mass redundancies with up to 200 staff expected to be cut across the company. This represents a significant restructuring event for Australia's major media broadcaster.
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CSIRO →CSIRO (Commonwealth Scientific and Industrial Research Organisation) is proceeding with plans to cut hundreds of jobs. Officials confirmed during parliamentary hearings that the plan is in its final stages.
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PlaySide Studios →Meta terminated Horizon Worlds contracts with PlaySide Studios, creating A$4m FY27 revenue headwind. Work ends July 31, 2026, triggering cost cuts.
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Dexus →Dexus announced 5% staff reduction in response to office market slowdown, indicating significant restructuring ahead
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Ubisoft →Ubisoft cut 1,200 jobs over past year amid record $1.7B net loss, now at 16,700 staff
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