Retrenchments surge to highest level in Singapore since pandemic
Retrenchments jumped to 4,620 in the second quarter — the highest quarterly total since late 2020, Malay Mail reports. MOM says the driver isn’t cost-cutting or company closures; it’s businesses reorganising and restructuring as they digitalise and automate. Vacancies still outnumber jobseekers overall, but the spike points to employers recalibrating faster than expected.
If you are one of the employees affected and thinking about a new field, Get That Job (a sister site) has a guide to planning a career switch in Singapore.
