This comes three months after cutting 25% of its senior management pay and all budgeted salary increases for the year.
The Indonesian government also predicted 4 million to 5.5 million people will lose their jobs this year due to the COVID-19 pandemic.
Developing countries in Asia-Pacific will combine for a meagre 0.1% growth this year, said the Asian Development Bank in a new report.
In April, the bank had called a halt on the proposed layoffs, saying it did not want staff to be unable to find work elsewhere.
In a blog post, Anthony Tan, Grab’s CEO and co-founder, said this will be the last round of layoff across the organisation this year.
Despite filing for bankruptcy with outstanding debts of 200 billion baht, Thailand's national carrier said there will be no layoffs for now.
The latest labour market report released by MOM reveals total employment fell by 25,600 in Q1 2020, the largest quarterly contraction on record.
That will be three times the annual usual number of jobs created as the government looks to help Singaporeans cope with the pandemic.
The World Bank paints a bleak picture of economic uncertainty as the world economy faces worst recession in 80 years.
Under the recovery phase, the majority of business activities and economic sectors will reopen in phases, with SOPs to be adhered to.
Japan reported an unemployment rate of 2.6% in April, which is a figure of envy given the economic impact of the COVID-19 pandemic.
The shutdown of businesses to help curb the outbreak of the pandemic has led to the country's highest-ever unemployment rate.
As of May 17, more than 65% of Malaysia’s workforce have returned to work, according to Malaysia’s finance minister.
Saving jobs is one of the key objectives of the third supplementary budget released by South Korea this year.
A JobStreet survey also revealed that 35% have suffered a pay cut of more than 30% during the ‘Movement Control Order’ period.
47% of Singaporeans and PRs have experienced a dip in income such as wage cuts, forced to take no-pay leave or a reduction in commission earnings.
Among those who have remained in employment, working hours have fallen by nearly a quarter, according to the latest ILO report.
The country's unemployment rate is also set to increase to 3-4%, a level not seen since the 1997/98 Asian financial crisis.
The $33 billion Fortitude Budget is the fourth budget introduced this year by the Singapore Government, and will be focused on jobs.
Speaking exclusively at HR Tech Fest Connect 2020, Steve Boese cautioned organisations on how their actions during the COVID-19 pandemic will shape their future.
The cuts will affect 1,900 staff as the home-sharing company grapples with the impact of the COVID-19 pandemic on the travel industry.
The COVID-19 recovery plan, which will cost US$493 million, looks to provide 1 million jobs in provinces and rural areas for workers.
The pandemic has brought the largest Southeast Asian economy to a standstill, with businesses having to shut down and lay off their employees.
Businesses forced to close during COVID-19 may struggle to restart operations when recovery from the pandemic begins, the Disaster Recovery Institute International cautioned.
The COVID-19 Jobs and Resource Hub offers a knowledge base for both employer and employees dealing with the impact of the pandemic.
40% of employers have shut down certain aspects of their business, and 19% are considering doing so, according to new SHRM research.
Year-on-year declines in total employment and the labour force widened further to 3.6% and 2.2% respectively, both the largest on record.
Introduced on April 1, the Wage Subsidy Scheme is an extension of Malaysia’s employment retention programme announced in the Economic Stimulus Package 2020 on March 16.
The COVID-19 outbreak has already seen 7 million jobs lost in Thailand, the second-largest economy in Southeast Asia.
More jobs are likely to be threatened this year, as IMF warns that the world economy is heading for its worst recession since the Great Depression in the 1930s.