[Bigiron]

Samsung’s Singapore staff not spared as it cuts thousands of jobs in global layoff https://www.businesstimes.com.sg/interna...bal-layoff

[Tangsen]

A few foreign banks told me of austerity measures in from 2024 carry on to 2025

[[[ForeverAlone]]]

More to come not surprising. EPIC Rental keep increase here. I feel landlord just trying their luck to see " got any dumb tenant or not to rent it, I even doubt they don't mind those people rent to do money laundering as long they monthly can collect their high rental money " If been caught these people always will say " I don't know , how I know they rent my place to do money laundering ". Likewise also on buying properties and renting landed house , condo.

[watchfirst9]

A few foreign banks told me of austerity measures in from 2024 carry on to 2025

pay cut? or cut jobs?

[Clyde]

pay cut? or cut jobs?

I think they hire daily rated workers to do the job instead of full time staff.

[Tangsen]

pay cut? or cut jobs?

usually both ... 
first headcount freeze/travel freeze
Next chop chop
Cut pay last because it will have impact of senior management

[Ola]

Any Company in SG can retrench as many as they like

and after 3 or maybe 5 mths later, hire more FTs to replace citizens

This retrenchment excuse can be best used now to displace employees

Aiyoh! Has this has been going on for past 25 years?







SACK NG CM, NOW.

[ysh02]

So our mobile phone if got fault still can go to their service centre to repair ? Or wait long long ?

[EvertonDiehard]

Whether it is a MNC or SME, companies will find it extremely difficult to survive in SG with the high cost of doing business here.

[talky]

Whether it is a MNC or SME, companies will find it extremely difficult to survive in SG with the high cost of doing business here.

ONLY GCT IS THE HAPPIEST PERSON NOW IN SPORE AS THERE ARE MORE N MORE RETRENCHMENTS AS HE FEEL SAD WHEN THERE IS NO RRETRENCHEMTS IN SPORE