Neom is considering laying off up to 1,000 employees – an estimated 20 percent of its full-time staff – in another sign that Saudi Arabia is scaling back its premier giga-project, Semafor reported on Friday.
The website reported that Neom was weighing the layoffs as part of a broader overhaul that could also see more than 1,000 employees leave Neom’s construction site on the kingdom’s northwestern Red Sea coast, and relocate to Riyadh.
The plans are not finalised and could change, Semafor said.
The report is the latest in a string of…
