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More retrenchments in Singapore in Q1 of 2026 as job vacancies drop

Business reorganisation or restructuring, rather than cost-cutting, remained the main reason for retrenchment. Read more at straitstimes.com. Read more at straitstimes.com.

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straitstimes.com1 g fa

Singapore retrenchments rise in Q1 2026

Q1 2026 Singapore retrenchments reached 3,830 (highest since Q3 2023), concentrated among degree holders; 74% AI adoption in ICT signals structural job reshaping. AI drives role redesign (18.9% of firms) more than headcount cuts (6.2%), demanding urgent reskilling for tech managers.

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Singapore retrenchments rise in Q1 as degree holders and older workers face sharper impact

SINGAPORE, June 15 — Retrenchments in Singapore climbed in the first quarter of 2026, with higher‑educated and older workers experiencing a more pronounced increase as...