Singapore Retrenchments Rise Sharply in Q2 Amid Falling Vacancies and Fewer Laid-Off Workers Finding Jobs

Singapore retrenchment rates hit highest level since pandemic

The number of job vacancies declined in the second quarter, especially in the financial services and information and communications sectors.

Singapore Retrenchments Jump to 4,620 in Q2, Highest Since 2020 as Job Vacancies Fall

Singapore recorded 4,620 retrenchments from April to June 2026, while the number of job vacancies dropped to 68,600. The labour market is still expanding, but MOM says several indicators are showing signs of softening.

Retrenchments rise in Q2 as firms restructure: MOM

The number of retrenchments in Singapore rose to 4,620 in the second quarter of 2026, up from 3,830 in the previous quarter, according to finalised data from the Ministry of Manpower (MOM).The rise was driven by business reorganisation and restructuring in sectors such as manufacturing, information & communications and financial services, the authority said in its Labour Market Report released Monday (Sept 21).Between the first and second quarte…

Singapore's retrenchment rate at highest level since 2020 in Q2 this ...

Singapore labour market expands in Q2 even as retrenchments rise and job vacancies fall

SINGAPORE: Retrenchments in Singapore rose to a post-pandemic high in the second quarter of 2026, while job vacancies continued to fall.

Singapore retrenchments rise sharply in Q2 amid falling vacancies and fewer laid-off workers finding jobs

Some workers are finding the transition into their next role taking slightly longer, said Acting Manpower Minister Jasmin Lau.