Dyson is cutting about 1,000 jobs from its global workforce of about 15,000. The appliance maker told staff about the layoffs on Tuesday. The British appliance maker, which is now headquartered in Singapore, told staff about the layoffs on Tuesday. The cuts are part of a wider reduction to its global workforce of more than 15,000 people, The Financial Times reported citing unnamed sources. Dyson CEO Hanno Kirner said in a statement that the company had expanded quickly but operated in "increasingly fierce and competitive global markets" and needed to become "entrepreneurial and agile."

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Persons: Dyson, —, Hanno Kirner, Roland Krüger, James Dyson Organizations: Service, Financial, Guardian, Bloomberg, Business Locations: Singapore