Twitter workers in Singapore fired, extra job losses in Asia predicted

Staff at Twitter‘s Singapore office have been fired yesterday. Employees had been advised through e-mail that they needed to evacuate the CapitaGreen building premises by 5pm.
Itemized member knowledgeable the press that Singapore-based staff at Twitter have been briefly reassigned to work remotely throughout the company’s inside system.
According to a tweet by Casey Newton, the operator of the technology-focused platform Platformer, workers at the Singapore office of Twitter have been escorted out by the landlords of the workplace in the central enterprise district of the city-state.
It’s still unclear whether the office shutdown is everlasting.
Twitter established its presence in Singapore in 2013. In 2015, the corporate moved into a bigger office which it designated as its base in the Asia Pacific area. In 2022, Twitter introduced plans to broaden its Singapore presence by doubling its engineering headcount to over one hundred by this yr.
Twitter’s Asia-Pacific headquarters, situated in Singapore, has been impacted by important job cuts underneath new proprietor Elon Musk. This month, the company additionally terminated the position of Nur Azhar Bin Ayob, the head of website integrity for the area.
Musk’s cost-cutting efforts at Twitter have included not paying lease on the company’s world headquarters. Last month, the owner of the San Francisco workplaces filed a lawsuit in opposition to the corporate.
It has been reported that the closure of the Singapore office is also associated to non-payment of hire on the power, says Newton.
It is known Twitter is closing a variety of international places of work, together with these in Hong Kong, South Korea, Australia, India, and the Philippines.
Representatives for both Twitter and CapitaLand, the proprietor of the Singapore workplace building, weren’t instantly available for remark when contacted.

Meanwhile, Goldman Sachs staff are going through a similar scenario because the bank begins a cost-cutting drive that might result within the discount of its forty nine,000-strong world workforce by hundreds.
The cuts began in Asia yesterday, where the United States investment bank reduce its private wealth administration unit and let go of 11 personal financial institution workers in its Hong Kong and Singapore places of work.
About eight employees members have been also laid off in Goldman’s research department in Hong Kong, and layoffs are persevering with in different divisions inside the funding financial institution.
According to a report by the Financial Times, Goldman Sachs’ redundancy plans might be adopted by a broader spending evaluate that can embody corporate journey and expenses. This is due to a significant slowdown in company dealmaking and a stoop in capital market exercise for the explanation that struggle in Ukraine..