Retrenchment

GovTech retrenches 38 employees in second wave of layoffs

GovTech said the 38 affected roles in its second round of layoffs are primarily structured around traditional project delivery.

Netflunks: Why is the world’s most popular streamer laying off 1,000 people?

Netflix says it wants to become a trillion-dollar company and is expanding into advertising, video podcasts, creator content and games.

National Australia Bank to cut 2,500 jobs in cost overhaul as credit growth slows

National Australia Bank is Australia’s biggest business lender.

Ubisoft slashes 70 jobs in Singapore; experts point to financial woes, not AI

Ubisoft Singapore laid off 70 employees on Oct 14, which makes up around 20 per cent of its total local workforce.

Netflix cuts of film and TV executives hint at programming woes

Ted Sarandos, co-chief executive officer of Netflix, said the company would continue to invest aggressively in areas that improve the service and drive growth.

Netflix cuts about 6% of jobs in biggest layoff since 2022, WSJ reports

The streaming giant’s layoffs come as it faces intense competition for users’ time in a consolidated media market.

News analysis

Debate on how to protect workers will move from ensuring benefits to finding new jobs as retrenchments rise

Even as protections are debated, the next pressure point on this promise is emerging: getting retrenched workers and fresh grads into jobs.

MOM weighs ‘action’ against firms that can afford retrenchment benefits but refuse to pay: Jasmin Lau

Of the 12% of employers that did not pay retrenchment benefits to their employees, only about a fifth said they had financial difficulties, said Acting Manpower Minister Jasmin Lau.

‘What am I getting wrong?’: Losing a job at 40 isn’t the same as in your 30s

Singapore cannot afford to let decades of accumulated career capital vanish overnight. Learning to redeploy this expertise is an imperative not just for the individual, but also for the economy.

ST Explains

Crystal Jade’s receivership: What happens next and what it means for staff

The Crystal Jade outlet at Jurong Point on Sept 17, 2026.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.