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retrenchment

The ministry said the share of companies expecting to retrench over the next three months edged up to 3.1%, from 2.8% a month earlier

Singapore Q3 Layoffs Highest Since 2020

Business restructuring drove Singapore’s retrenchment rate in the third quarter of 2026 to its highest level since the height of the COVID pandemic in late 2020.

The first round of layoffs started in July, when 93 employees of its 3,900-strong team were retrenched. GovTech expects a total of 7% to 9% of its workforce to be affected over the next two years, including the third round.

GovTech Lays Off More Staff

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