Correspondent
Business correspondent
Wei Ling Tan is InfoHandle’s Singapore business correspondent. She reads the annual report before the founder story, covers listed companies and GLCs as institutions, and is based near Raffles Place.
MOM’s second-quarter labour report counted 4,620 retrenchments, or 2.0 per 1,000 employees—the highest since the pandemic peak—while total employment still grew by 11,400 and job vacancies eased to 68,600.
Singapore employers retrenched 4,620 workers in the second quarter of 2026, the Ministry of Manpower said Monday — the highest quarterly total since the 5,640 layoffs recorded in late 2020 — even as the overall unemployment rate held at 1.9 percent and firms cited business reorganisation rather than a broad recession.