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Tech layoffs hit S’pore’s office sector as Google gives up space, but analysts see bright spots
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Most of the layoffs intensified towards the fourth quarter of 2022.
PHOTO: ST FILE
SINGAPORE – The ripple effects of tech layoffs have reached the office sector here, hurting investor sentiment in landlords that are typically real estate investment trusts (Reits) listed in Singapore.
Amid the gloom, there are still bright spots in the office sector, and analysts said office Reits are looking attractive.
