Singapore Q2 Retrenchment Rate Hits 2020 High
Singapore reported 4620 retrenchments in the second quarter of 2026 marking the highest level since late 2020. The increase was driven by business restructuring in outward oriented sectors including manufacturing and financial services.
Singapore's retrenchment rate rose to 4,620 in the second quarter, marking the highest level since late 2020 amid business reorganisations. The quarter-on-quarter increase outpaced the 3,830 job cuts recorded in the first quarter of the year. The data highlights softening labor demand in outward-oriented sectors, prompting a tighter re-entry rate for displaced residents.
