NEOM to Cut Jobs, Relocate Staff to Riyadh | JQJO

NEOM, Saudi Arabia's massive development project, is planning significant staff reductions and relocation of over 1,000 employees to Riyadh to cut costs. This reverses a previous policy of on-site employment. Relocated staff will lose benefits like housing and meals, resulting in lower pay. Potential layoffs are also being considered, though no final decisions have been made. NEOM and the Public Investment Fund declined to comment.