𝕏xSG first seen 3 d ago, last 2 h ago, peak #1
Singapore layoffs hit highest level since 2020
Original: Singapore third-quarter layoffs at highest level since 2020
Singapore recorded its highest number of job layoffs in the third quarter since 2020, according to Reuters. The figures have drawn attention as workers and analysts assess what the spike means for the city-state's labour market and broader economy. It evokes comparisons to the pandemic-era cuts of 2020, prompting discussion about which sectors are shedding jobs and what support measures may follow.
Why now: Fresh official labour data showing layoffs at a multi-year high is worrying workers in a slowdown-sensitive economy.
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Evidence
- Singapore third-quarter layoffs at highest level since 2020 · ReutersWorld · 7
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