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Behind job losses are real people. Companies need to remember that
In Singapore, retrenchment doesn’t just create financial uncertainty, it ruptures self-worth.
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This year alone, Singapore has seen a string of corporate “earthquakes”.
PHOTO: ISTOCKPHOTO
Uma Thana Balasingam
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In 2020, I sat in front of my laptop staring at a spreadsheet of names. The Covid-19 pandemic had collapsed budgets overnight, and like every executive in my region, I was told to cut costs – seven figures’ worth. Almost a hundred people across Asia-Pacific and Japan.
Every line on that sheet was a person I knew. One name stopped me cold. Someone quietly fighting a terminal illness.
