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Retrenchments fell in 2024 to 12,930, from the 14,590 layoffs recorded in the year prior. This is despite the number of job cuts increasing on a quarterly basis to 3,600 in the fourth quarter, compared with 3,050 previously. Business reorganisation or restructuring continued to be the primary reason for layoffs in 2024, said MOM, and the number of job cuts recorded remains within non-recession norms. There was also no significant increase in retrenchments across sectors. submitted by /u/Green_Pear2 |
r/singapore Retrenchments fell in 2024 to 12,930, from the 14,590 layoffs recorded in the year prior. This is despite the number of job cuts increasing on a quarterly basis to 3,600 in the fourth quarter, compared with 3,050 previously. Business reorganisation or restructuring continued to be the primary reason for layoffs in 2024, said MOM, and the number of job cuts recorded remains within non-recession norms. There was also no significant increase in retrenchments across sectors. https://www.businesstimes.com.sg/singapore/singapore-sees-fewer-job-cuts-slower-employment-growth-2024 https://preview.redd.it/l5fe82e7mgfe1.jpg?width=1122&format=pjpg&auto=webp&s=f347304855ac25390740dcae5e58948729337808 submitted by /u/Green_Pear2 [link] [comments]
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Retrenchments fell in 2024 to 12,930, from the 14,590 layoffs recorded in the year prior. This is despite the number of job cuts increasing on a quarterly basis to 3,600 in the fourth quarter, compared with 3,050 previously. Business reorganisation or restructuring continued to be the primary reason for layoffs in 2024, said MOM, and the number of job cuts recorded remains within non-recession norms. There was also no significant increase in retrenchments across sectors. submitted by /u/Green_Pear2 |