Singapore Layoffs Hit Highest Level Since 2020
Singapore recorded 4,800 retrenchments in the third quarter of 2026, its highest level since late 2020. Business reorganisations were the main driver, even though overall employment still grew by 27,700 during the quarter. The Ministry of Manpower has flagged the trend.
Context
Context: Retrenchment means job losses when employers cut staff, often during restructuring. Singapore's last comparable peak came during the Covid-19 pandemic, so readers can compare today's numbers with that period.
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