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https://theindependent.sg/singapore...down-22-in-february-from-economic-challenges/
According to the Singapore Business Review, the Banking, Financial Services, and Insurance (BFSI) sector was hardest hit, with a sharp 36% drop in hiring activity.
The IT/Telecom/ISP sector followed closely behind, with a 35% decline, and the Advertising, Market Research, Public Relations, Media, and Entertainment industries saw a 32% decrease.
Explaining the trend, the foundit pointed to economic challenges such as slowdowns, recessions, and uncertainties, which lead to reduced investments and weaker demand for services.
However, amidst the gloom, the Import/Export sector managed to make a 1% growth in hiring.
According to the Singapore Business Review, the Banking, Financial Services, and Insurance (BFSI) sector was hardest hit, with a sharp 36% drop in hiring activity.
The IT/Telecom/ISP sector followed closely behind, with a 35% decline, and the Advertising, Market Research, Public Relations, Media, and Entertainment industries saw a 32% decrease.
Explaining the trend, the foundit pointed to economic challenges such as slowdowns, recessions, and uncertainties, which lead to reduced investments and weaker demand for services.
However, amidst the gloom, the Import/Export sector managed to make a 1% growth in hiring.