FPT’s First-Time Staff Reduction with Six Banks Among Top Cutters: What’s Happening?

Financial reports for Q2 2025 reveal a significant job reduction trend in the Banking and Finance sector. LPBank leads with 1,986 employees laid off, followed by Thế Giới Di Động (1,353), VIB (1,244), and Sacombank (1,244). Furthermore, FPT has also recorded a reduction of 497 staff (1%) for the first time. The global Retail sector faces severe impacts with over 64,000 job losses. This job-cutting trend continues due to influences from e-commerce, automation, and AI. Studies indicate that 26.4% of companies have downsized, particularly in Retail, Manufacturing, and Technology. However, many firms report difficulties in hiring, indicating an imbalance between labor supply and demand in the job market.