Twitter employees in Singapore fired, more job losses in Asia predicted

Staff at Twitter‘s Singapore workplace had been fired yesterday. Employees have been advised by way of e-mail that they had to evacuate the CapitaGreen building premises by 5pm.
An nameless employees member knowledgeable the press that Singapore-based staff at Twitter have been quickly reassigned to work remotely throughout the company’s internal system.
According to a tweet by Casey Newton, the operator of the technology-focused platform Platformer, employees at the Singapore workplace of Twitter had been escorted out by the landlords of the office within the central enterprise district of the city-state.
It’s still unclear whether the workplace shutdown is permanent.
Twitter established Cancel anytime in Singapore in 2013. In 2015, the corporate moved into a larger office which it designated as its base in the Asia Pacific region. In 2022, Twitter introduced plans to increase its Singapore presence by doubling its engineering headcount to over a hundred by this 12 months.
Twitter’s Asia-Pacific headquarters, located in Singapore, has been impacted by important job cuts beneath new proprietor Elon Musk. This month, the company also terminated the position of Nur Azhar Bin Ayob, the top of web site integrity for the region.
Musk’s cost-cutting efforts at Twitter have included not paying hire on the company’s global headquarters. Last month, the landlord of the San Francisco offices filed a lawsuit in opposition to the corporate.
It has been reported that the closure of the Singapore office is also related to non-payment of hire on the power, says Newton.
It is understood Twitter is closing numerous international workplaces, including these in Hong Kong, South Korea, Australia, India, and the Philippines.
Representatives for both Twitter and CapitaLand, the owner of the Singapore office constructing, were not instantly obtainable for comment when contacted.

Meanwhile, Goldman Sachs workers are going through an identical state of affairs because the bank begins a cost-cutting drive that would end result in the discount of its 49,000-strong international workforce by thousands.
The cuts started in Asia yesterday, where the United States funding bank cut back its private wealth management unit and let go of eleven non-public bank workers in its Hong Kong and Singapore places of work.
About eight workers members were additionally laid off in Goldman’s analysis department in Hong Kong, and layoffs are persevering with in other divisions throughout the investment financial institution.
According to a report by the Financial Times, Goldman Sachs’ redundancy plans shall be followed by a broader spending review that may embody corporate journey and bills. In record time is because of a big slowdown in company dealmaking and a stoop in capital market activity since the struggle in Ukraine..

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