Tag: layoff

layoff

Latest News

As AI powers efficiency in the workplace, companies begin pulling the plug on hiring

As Korean factories and offices adopt AI to cut costs and raise productivity, experts warn of fewer hires, career shifts and a deeper shake-up in the job market.

2026.6.15

A view of the Voice of America (VOA) building, a day after more than 1,300 of the employees of the media broadcaster, which operates in almost 50 languages, were placed on leave in Washington on March 16. [REUTERS/YONHAP]

Voice of America resumes broadcasts in North Korea

Voice of America (VOA) has resumed some of its broadcasts to North Korea after an approximately six-month suspension, according to reports.

2025.9.25

Wegovy maker Novo Nordisk to slash 9,000 jobs as competition heats up

Novo Nordisk will cut 9,000 jobs and restructure to save $1.3 billion annually amid increased competition for Wegovy and Ozempic, expecting slower growth.

2025.9.10

A Southwest Airlines Boeing 737 MAX 8 aircraft sits at Midway International Airport in Chicago, Illinois, U.S., on March 13, 2019. [REUTERS/YONHAP]

Southwest Airlines is slashing 15% of its corporate work force, its first major layoffs in 53 years

Southwest Airlines is eliminating 1,750 jobs, or 15 percent of its corporate work force, in the first major layoffs in the company's 53-year history.

2025.2.18

Samsung Electronics' office in Seocho District, southern Seoul [NEWS1]

Samsung Electronics to lay off 10 percent of Asia-Pacific employees

Samsung Electronics is laying off employees in the Asia-Pacific region as the Korean tech giant struggles to cut costs amid fierce competition in AI and chips.

2024.10.2

Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory in Berlin on March 13. [AP/YONHAP]

EXCLUSIVE: Tesla layoffs hit Korea, putting Supercharger projects on hold

Tesla is offering voluntary resignations to employees in Korea as the company aims to downsize its global workforce.

2024.5.20

Solidigm's Rancho Cordova headquarters in California [SOLIDIGM]

Solidigm's Korean unit closes amid sluggish NAND market

The Korean unit of Solidigm, a U.S.-based memory chip company owned by SK hynix, was found to have been shut down in July, as part of the company’s downsizing effort amid sluggish market conditions.

2023.9.8

Commuters walk to work in Yeouido where many financial companies are located. [SHUTTERSTOCK]

Heads roll in a Korea adjusting to slower growth, higher rates

Korean companies are cutting jobs as economic growth slows and rates rise. A wide range of business are affected — including those in tech, construction and finance — and they are lowering head counts in a number of ways, with ...

2022.11.30

A Twitter headquarters sign is shown in San Francisco, Friday, Nov. 4, 2022. [AP]

Twitter Korea decimated, communications team sacked

Twitter Korea is a ghost town, with reports emerging that it may have fired most of its employees. "Departments not directly related to sales were hit hard. Except for Country Director Shin Chang-seob and a few departments, most were dismissed."

2022.11.7

Eastar Jet headquarters in Gangseo District, western Seoul, on Tuesday. [NEWS1]

Eastar Jet to lay off more than half of its remaining workforce

Debt-laden Eastar Jet is laying off more than 600 employees on Wednesday, half of the remaining 1,200 workers at the budget airline.

2020.10.13

Tag: layoff

layoff

Latest News

As AI powers efficiency in the workplace, companies begin pulling the plug on hiring

Voice of America resumes broadcasts in North Korea

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