By country
Layoffs in Bangladesh
17 sourced layoff rounds at 15 companies in Bangladesh between Nov 2022 and Sep 2026: 65,826 people in the rounds where a number was given. Each one links to the article or filing it came from. The list covers what we have been able to source, not every cut in the country.
People affected
66K
Where a number was given
Companies
15
With a sourced round
Rounds
17
Nov 2022 → Sep 2026
Every round, newest first
- Keya Group−627
The Gazipur garment and yarn group cut surplus workers at four units, citing banking problems, a gas shortage and excess staff.
About the figure: Other outlets reported 613.
Textiles & Apparel · Source: bdnews24.com
The Ashulia export garment factory cut workers under the labour act, citing a sharp fall in purchase orders and inadequate bank support.
Textiles & Apparel · Source: The Daily Star
- S Alam Group−5,000
The Chattogram conglomerate shut all 11 of its Karnaphuli plants, spanning sugar, steel, cement and edible oil, after two years without letters of credit for raw materials.
About the figure: Figure from company insiders; other outlets reported between 4,000 and 10,000.
Industrial & Manufacturing · Source: The Daily Star
- Lithe Group−3,000
The Gazipur garment maker closed five factories indefinitely, citing losses from gas supply cuts, falling orders and lack of bank support.
About the figure: Other outlets put the number of affected workers at about 2,500.
Textiles & Apparel · Source: Daily Sun
- Al-Muslim Group−1,868
The Savar garment maker cut workers across seven factories citing a business downturn; staff learned by text message during the Eid holiday and protested.
Textiles & Apparel · Source: The Daily Star
Two sister garment factories in Board Bazar, Gazipur closed permanently over financial difficulties, with dues settled at a tripartite meeting.
Textiles & Apparel · Source: The Daily Star
The Alibaba owned marketplace reportedly cut managerial, executive and support roles in Dhaka in a cost saving round on May 6 and 7.
About the figure: Reported by former employees; the company did not confirm a number.
E-commerce · Source: The Daily Star
HSBC closed its retail banking division in Bangladesh under a global restructuring; former staff later alleged the terminations sidestepped retrenchment rules.
About the figure: Figure given by former employees at a press conference; the retail exit was first announced in July 2025.
Banking & Finance · Source: Daily Sun
- Ripon Knitwear−109
The Gazipur knitwear exporter, which employs about 2,982 workers, terminated staff during the Eid holidays under the labour act.
Textiles & Apparel · Source: The Daily Star
The bank dismissed officials and sidelined thousands more who boycotted a competency test for staff hired without exams during S Alam Group's control.
About the figure: Dismissals tied to disputed recruitment rather than cost cutting; 4,771 more were left without assigned duties.
Banking & Finance · Source: The Daily Star
- Nassa Groupnumber not given
The garment group announced closure of 16 factories in late September 2025, citing gas and power shortages and too few orders; its founder had been arrested the year before.
About the figure: Workforce estimates vary widely, from about 12,000 to more than 30,000; one unit was later reported reopening.
Textiles & Apparel · Source: Sourcing Journal
- Beximco Groupnumber not given
Beximco shut all 14 factories at its Gazipur industrial park, laying off the remaining workers after the December 2024 cuts.
About the figure: Completes the shutdown that began with about 40,000 layoffs in December 2024; no separate count given.
Textiles & Apparel · Source: The Daily Star
- Keya Group−4,000
The Gazipur knitwear and cosmetics maker announced permanent closure of four factories from May 2025, citing market instability, bank account problems and raw material shortages.
About the figure: Count is the workforce of the four factories slated for closure, as stated by a company official.
Textiles & Apparel · Source: The Daily Star
- Bhorer Kagojnumber not given
The Dhaka daily closed after 33 years during a staff protest over wage board pay; management cited circumstances beyond its control.
About the figure: Print closure; no headcount given and the online edition reportedly continued.
Media & Streaming · Source: bdnews24.com
- Beximco Group−40,000(57% of workforce)
Bangladesh's largest garment and textile group laid off workers at its Gazipur apparel units, citing no export orders after banks stopped opening its letters of credit.
About the figure: Began as a statutory layoff on half basic pay; the government later ordered the units closed permanently.
Textiles & Apparel · Source: The Daily Star
- Gazi Tyres−2,000
The Narayanganj tyre plant of Gazi Group was looted and burned after the fall of the Awami League government in August 2024, forcing it to close.
About the figure: Job losses followed arson in August 2024; later reporting put the total across two plants at about 7,200.
Industrial & Manufacturing · Source: The Daily Star
- Akij Jute Mills−6,300
The country's largest private jute mill cut temporary workers, citing weak exports to Turkey and high local jute prices.
About the figure: Temporary workers.
Textiles & Apparel · Source: The Daily Star
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