Staff at Twitter‘s Singapore office were fired yesterday. Employees were told through email that they needed to evacuate the CapitaGreen building premises by 5pm.
An anonymous staff member informed the press that Singapore-based employees at Twitter have been temporarily reassigned to work remotely throughout the company’s inner system.
According to a tweet by Casey Newton, the operator of the technology-focused platform Platformer, staff at the Singapore office of Twitter were escorted out by the landlords of the office in the central business district of the city-state.
It’s still unclear whether or not the workplace shutdown is permanent.
Twitter established its presence in Singapore in 2013. In List , the company moved into a larger office which it designated as its base within the Asia Pacific area. In 2022, Twitter announced plans to expand its Singapore presence by doubling its engineering headcount to over one hundred by this year.
Twitter’s Asia-Pacific headquarters, situated in Singapore, has been impacted by important job cuts underneath new owner Elon Musk. This month, the company also terminated the place of Nur Azhar Bin Ayob, the head of site integrity for the region.
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 offices filed a lawsuit against the company.
It has been reported that the closure of the Singapore office can additionally be related to non-payment of rent on the ability, says Newton.
It is understood Twitter is closing a quantity of international offices, including these in Hong Kong, South Korea, Australia, India, and the Philippines.
Representatives for each Twitter and CapitaLand, the owner of the Singapore office constructing, weren’t instantly available for remark when contacted.
Meanwhile, Goldman Sachs staff are facing a similar scenario because the financial institution begins a cost-cutting drive that would end result in the reduction of its 49,000-strong world workforce by 1000’s.
The cuts began in Asia yesterday, where the United States investment bank cut back its personal wealth administration unit and let go of 11 personal bank staff in its Hong Kong and Singapore places of work.
About eight staff members had been additionally laid off in Goldman’s analysis division in Hong Kong, and layoffs are continuing in different divisions inside the funding financial institution.
According to a report by the Financial Times, Goldman Sachs’ redundancy plans shall be followed by a broader spending review that can embrace company journey and expenses. This is due to a major slowdown in company dealmaking and a slump in capital market activity since the struggle in Ukraine..