Mobile World, LPBank… reduce thousands of employees, many parties increase recruitment

According to statistics from the consolidated financial report for the third quarter of 2025, many large enterprises have had significant personnel changes. Notably, the trend of streamlining the apparatus is strongest in the retail and banking and finance sectors - two industries directly affected by the digital transformation process and cost pressure.

Mobile World reduces nearly 2,000 employees

Mobile World Investment Corporation (stock code: MWG) recorded a further reduction of 1,931 employees. As a leading retail enterprise, in the context of economic difficulties and strong automation trends, Mobile World continues to streamline its apparatus to optimize operational efficiency - this is also the second consecutive year the enterprise has promoted personnel restructuring.

Data shows that in 2024, Mobile World cut 2,282 employees, before 2023 recorded a record reduction with nearly 8,600 people leaving the system. Thus, in just over two years (2023 to the end of September 2025), this enterprise has streamlined a total of 12,813 employees - the largest scale of reduction in the retail sector.

Another “big guy” in the industry - Phu Nhuan Jewelry Joint Stock Company (PNJ) - also reduced its staff with more than 900 people leaving. In addition, many other consumer businesses such as PAN Group, Vissan and Vinamilk reduced 283, 273 and 166 people respectively, showing that the trend of tightening costs and optimizing operations is clearly taking place throughout the industry.

7,000 bank employees lost their jobs after 9 months

According to records, more than 7,000 employees left the banking industry in just the first three quarters of the year. The units with the strongest cuts include LPBank (reducing 1,773 people), Sacombank (reducing 1,354 people), VIB (reducing 1,096 people) and Vietcombank (reducing 492 people)...

In fact, the trend of streamlining labor and even the “staffless bank” model has been mentioned in the industry for many years. Instead of expanding the branch network, banks are now focusing on digital transformation, applying technology and artificial intelligence to optimize operational processes.

According to Ms. Dieu Hoang Tu Uyen, Director of Research and Human Resources Consulting at Anphabe, the fact that a series of banks are closing branches and cutting thousands of employees is not a sign of crisis, but an inevitable step in the process of restructuring and reshaping the business model of the banking industry - a trend that is taking place globally, not just in Vietnam.

Ms. Uyen analyzed that, strategically, this is an effort to improve operational efficiency and competitiveness, as customer habits change rapidly in the digital age. From a human resources perspective, the current wave of cuts is not only a change in quantity but also reflects a qualitative shift - when repetitive positions such as tellers, data entry, and manual customer support are gradually replaced by automation and digital banking systems.

Many parties are increasing new recruitment.

On the contrary, many businesses are still expanding their staff, despite the downsizing trend taking place in some other areas.

Leading the way is FPT Retail (stock code: FRT), which has added 1,983 employees in just the first 9 months of the year. Following is FPT Telecom (FOX) with an increase of 986 employees, showing that the technology and distribution business sector still maintains a strong growth rate.

In the construction and infrastructure sector, recruitment demand also recorded a clear recovery. Coteccons (CTD) increased by 809 employees, Deo Ca Transport Infrastructure (HHV) increased by 286 employees, and Ricons increased by 86 employees, reflecting positive signals from public investment and civil construction projects.

The banking group also has a number of units expanding new recruitment. BIDV leads with 818 new employees, followed by Techcombank (699 people), VPBank (268 people), MB (249 people) and BVBank (347 people).

According to JobsGO's Q3 Job Market Report, recruitment demand is increasing again in many key industries such as supply chain, e-commerce, tourism and construction. In particular, e-commerce has emerged as a bright spot with a series of positions actively sought by businesses such as floor operations, online sales, content production and livestream staff - reflecting the strong shift of the labor market in the digital age.

Source: https://dantri.com.vn/kinh-doanh/the-gioi-di-dong-lpbank-giam-hang-ngan-nhan-su-nhieu-ben-tang-tuyen-dung-20251111155934187.htm