Many companies adopt "bossless" TEAL models, encouraging autonomy, collaboration, and decentralised decision-making for a more effective and humane work environment.
The tripartite guidelines around Singapore's flexible work arrangements stress the need to balance workers' welfare and the organisation's business requirements.
This represents the company's second set of workforce reductions in the current year, demonstrating its dedication to cost-saving measures amid challenging economic conditions in the EV industry.
The decision represents a significant turnaround for Wall Street banks in Asia, who had previously expanded their operations to take advantage of increasing dealmaking.
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