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Commentary: Think career resilience, not job security, amid season of layoffs
Stellar work performance and consistent skills upgrading offer workers no guarantees they will be spared retrenchment. Think of “future-fitness” instead, says JetDev’s Jolyn Ng.
SINGAPORE: Over 260,000 tech jobs were cut last year, and it seems like retrenchments are still coming. According to tracking website Layoffs.fyi, more than 50,000 tech workers have been laid off in 2024 so far.
Singapore too saw employees lose jobs in major firms like Lazada and Amazon this year, with Temasek-backed online cashback platform Shopback the latest to announce a 24 per cent cut to its headcount on Mar 19. And it’s not just tech: Tetra Pak will axe about 300 manufacturing jobs while Unilever will cut marketing roles in Singapore.
Such massive layoffs for an extended period of time would have been an anomaly not too long ago, especially with some companies making cuts despite reporting healthy revenue.
Now it dawns that this could become the norm - even for professionals at the top of their game. Employees’ focus naturally turns to how we can increase job security and protect ourselves from getting retrenched.
https://www.channelnewsasia.com/com...ecurity-upskilling-performance-review-4226436
Opinion is not journalism. 'How' and 'Why' belongs to opinion, and in this regime, propaganda.