Global adspend growth forecasts have been lowered by $19.8 billion due to market volatility, with the ad market now expected to grow by 6.7% in 2025 according to WARC. Sectors like automotive and retail are expected to decline in adspend, while online platforms like Alphabet, Amazon, and Meta are predicted to control 50% of the market by 2029. Despite economic pressures, social media adspend is projected to grow by 12.1% this year, with TikTok leading at 23.6%.
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SIA Group to create employment opportunities for affected Jetstar Asia staff, including positions for about 100 pilots
SINGAPORE Airlines (SIA) Group is offering employment opportunities to over 500 Jetstar Asia staff members affected by the airline's impending closure on July 31, including positions for about 100 pilots and 200 cabin crew. The SIA Group aims to support these employees during this transition, providing severance packages and assistance with job placements through partnerships with labor organizations. More Context
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