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REPORTED · NEWSPublished Apr 26, 2026

March Sees 5,900 Layoffs Amid Labor Market Support Measures

EMPLOYEES AFFECTED
5,900
EFFECTIVE DATE
Mar 1, 2023

What we know

Based on news reporting.

Summary

In March, a significant workforce reduction occurred, with 5,900 employees laid off. This move comes as part of broader efforts by the HR Ministry to unveil measures aimed at supporting the labor market. The layoffs reflect ongoing challenges within the company and the industry, prompting a need for restructuring. The exact reasons for the layoffs were not detailed, but they highlight the current economic pressures affecting employment. The HR Ministry is expected to announce further initiatives to assist those impacted by these job cuts.

March cut 5,900 jobs as of March 1, 2023.

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SOURCE
News reporting
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CREATED APR 26, 2026LAST UPDATED JUL 4, 2026