Neom Plans Over 1,000 Staff Redundancies and Relocations in Strategic Review
By
Tom Ravenscroft
Sesame, salt, and substance. A flagship bake.
Summary
The developers of Saudi mega project Neom are reportedly planning over 1,000 staff redundancies and the relocation of another 1,000 employees as part of a strategic review. This follows the departure of CEO Nadhmi al-Nasr at the end of last year, with Neom considering significant workforce cuts, according to a report by Semafor.
Key quotes
· 2 pulledThe developers of Saudi mega project Neom are reportedly planning over 1,000 staff redundancies and the relocation of over 1,000 staff as part of a wide-ranging strategic review.
Following the departure of CEO Nadhmi al-Nasr at the end of last year, Neom is 'considering significantly cutting its workforce', according to a report in news website Semafor.
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