Another retrenchment exercise

[True Believer]

my friends and relative all enjoy good pay and buy buy tour tour no layoff happen

I see many of such people in my condo, but they are the small minority on this island.

 

[True Believer]

No worries. COE and property prices will continie to rise. The PAP's power of importing foreigners into Singapore

Every 4 out of 5 PMET jobs are going to foreigners. The PAP draws them here to become PRs and SG citizens in this way.

 

[404]

No worry, Sinkies are asset rich and can tahan, while the FTs are newie need pampering for them to stay

 

[birdie69]

I see many of such people in my condo, but they are the small minority on this island.

Your condo only can accommodate a small number of people, so naturally, only small number of CECA Indians, but there are many condos and HDB flats, so the total number of CECA Indians working in Sinkapore could be quite huge, 650,000 or more.

 

[True Believer]

Your condo only can accommodate a small number of people, so naturally, only small number of CECA Indians, but there are many condos and HDB flats, so the total number of CECA Indians working in Sinkapore could be quite huge, 650,000 or more.

The Indian govt confirmed that there are over 650,000 of its citizens staying here. The SG govt refuses to reveal how many are PMETs. That's a red flag on its own.

 

[True Believer]

Your condo only can accommodate a small number of people, so naturally, only small number of CECA Indians, but there are many condos and HDB flats, so the total number of CECA Indians working in Sinkapore could be quite huge, 650,000 or more.

Many of the S'poreans at my condo seem to be able to retire early, pay off their homes at a relatively young age and afford 1-3 cars in their household. Of course, they constitute a small % of people in S'pore.

 

[k1976]

Whole SG is retrenching. 555

Whole world

 

[True Believer]

Whole world

The faltering economy, restructuring, cost cutting, AI, ageism etc. There are many reasons why white collar work is so difficult to secure or maintain these days.

 

[bobby]

Traditionally the NTUC chief is a PAP minister so what the fuck is a Singapore labour union?

The only thing good about NTUC is they want to make money for its members.

 

[True Believer]

Traditionally the NTUC chief is a PAP minister so what the fuck is a Singapore labour union?
The only thing good about NTUC is they want to make money for its members.

The only objective of the PAP is to make obscene amounts of money for its politicians during their term in office at the expense of the people.

 

[k1976]

Standard Chartered to cut over 15% of corporate functions roles as it targets higher returns​

PUBLISHED TUE, MAY 19 2026 12:27 AM EDTUPDATED TUE, MAY 19 2026 12:40 AM EDT

Justina Lee@IN/JUSTINA-LEE-2742AA59
WATCH LIVE

KEY POINTS

• Standard Chartered cut support roles to improve productivity and returns.
• The lender raised profitability targets through 2030.

In this article

• 2888-HK
• 2888-HK

Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets.

The workforce reduction is part of the lender's efforts to raise income per employee by around 20% by 2028, StanChart said.
According to its 2025 annual report, corporate function roles include employees in human resources, corporate affairs and supply chain management. Of its roughly 82,000 employees, about 52,000 work in support roles, while the remainder are classified as part of its business workforce.

The lender also aimed for a 15% return on tangible equity in 2028, up more than three percentage points from 2025, and targeted about 18% in 2030.

"We are investing in the capabilities that will compound our competitive advantages and drive sustainable growth and higher quality returns over time, with clear targets in place," StanChart CEO Bill Winters said in the statement outlining the bank's medium-term targets.

Jefferies analyst Joseph Dickerson described the new targets as "conservatively struck," which he said would deliver mid-teens earnings-per-share growth and a path that could exceed guidance.

"The bigger picture is that the company can clearly commit to a 5-7% revenue growth range given the opportunities in its foot print against a matrix of unknowns in the broader geopolitical/macro environment," Dickerson said in a note.

Jefferies maintained its buy rating and a 2,250 price target on StanChart's London-listed shares, which last closed at 1,921.50. Its Hong Kong-listed shares were up more than 2% in afternoon trade.

 

[True Believer]

I have seen enough profitable publicly-listed companies lay off staff towards the end of every year so that management will collect extra bonuses based on their P&L. It is a cynical reality of corporate life. There is a distinct and painful pattern where cost-cutting measures like end-of-year restructuring or layoffs happen right before the books close, conveniently boosting the net profit figures that dictate executive bonuses. When a company's leadership is incentivised purely by short-term financial metrics, the human element often gets reduced to a line item on their spreadsheet.

 

[jurongkechil]

Suay..

 

[k1976]

These 'tripartite' cocksuckers?

World best mascot?

 

[True Believer]

Suay..

The PAP runs S'pore Inc like a publicly-listed company where profits comes first. Even if true blue S'poreans have to lose our white collar jobs to accommodate CECAs, who will vote for the PAP after they become new citizens, so be it.