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Haiz...retrenchment letter? :(


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What I heard was young peeps like to go in on time in the morning...take their deserving breaks regardless...leave on time to go to the gym regardless...then back to office to wrap things up or prep for next time till late into the night and that's their routine except Friday...different strokes for different folks I guess...limpeh has the mantra - once one foot is out of office means no utrun...regardless 😂

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On 3/23/2024 at 2:52 PM, mersaylee said:

What I heard was young peeps like to go in on time in the morning...take their deserving breaks regardless...leave on time to go to the gym regardless...then back to office to wrap things up or prep for next time till late into the night and that's their routine except Friday...different strokes for different folks I guess...limpeh has the mantra - once one foot is out of office means no utrun...regardless 😂

If one has to work late, means one is inefficient

 

work always will

be there. That said, im in early at 530am, clear work by 0800, then free to deal w fire fighting shxt.. the 0530 time is best time to do work

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On 3/20/2024 at 10:15 AM, Throttle2 said:

 Next week, i have a meeting with my Manager, perhaps the time has come.  I will then return to assume role of Chairman of the Brotherhood.

hope more people get retrenched and join the Brotherhood. Huat!

More coming on-board, the community expand exponentially soon🤣

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Turbocharged
On 3/23/2024 at 3:03 PM, RadX said:

If one has to work late, means one is inefficient

 

work always will

be there. That said, im in early at 530am, clear work by 0800, then free to deal w fire fighting shxt.. the 0530 time is best time to do work

I only start going to sleep at 530am. That is usually after finish watching soccer matches or after US market closed. 

😂😂

Edited by Starry
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On 3/23/2024 at 3:03 PM, RadX said:

...the 0530 time is best time to do work

wah din know many corpse to collect at this timing...

i like to start early too.. officially is 10am but i in at 730am.. pretty much like u.. i done by 9am or so to get ready for shit..

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On 3/23/2024 at 3:03 PM, RadX said:

If one has to work late, means one is inefficient

 

work always will

be there. That said, im in early at 530am, clear work by 0800, then free to deal w fire fighting shxt.. the 0530 time is best time to do work

True, the office working hours are sometimes burnt to take care of urgent matters or fire fighting.

Longer term projects or personal work assigned to ownself have to find the time to do outside the official working hours, either come in to office early, or go home late - before the rest of the zoo comes in [laugh]. Or like me, reach and leave on time, but do at home later in evening or weekend. More efficient with no distractions.

 

Edited by Sosaria
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On 3/23/2024 at 2:02 PM, Sosaria said:

Can still see the sunset while eating dinner, is consider work-life balance oredi 

But go home early like that can mean some work continue later in the evening, or weekend at home.

Might as well say can go home like that means work is not busy at all, that's why everyday can go home on dot. 😅

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looks like its coming soon.

 

Why Singapore Employees Need To Be Ready For Retrenchment In 2024 | DollarsAndSense Business

#1 Companies Are Retrenching – Potentially Viewing It As  A Path To Sustainability

We’ve been reading about a wave of companies retrenching their employees this year. Some that have made it into the news in Singapore include Shopback letting go 24% of its employees, Lazada letting go an estimated 100 people, Unilever realigning its marketing team in Singapore, PropertyGuru laying off 79 employees, Tetra Pak closing down in Singapore and 300 employees will be affected, Electrolux relocating its regional HQ from Singapore to Bangkok, and more.

This trend is not unique to Singapore either. Many of the biggest (and possibly smallest) companies globally are also looking to align its workforce with its requirements. They include Amazon to Google to Discord and Twitch.

Read Also: MOM Responsible Retrenchments – Guideline For Companies To Be Fair And Decent

#2 Retrenchment Statistics Are On The Rise

According to the Ministry of Manpower (MOM) the rate of retrenchments more than doubled in 2023. 14,590 workers were retrenched in 2023 compared to 6,440 in 2022.

While more people may be looking for new roles, they will also be hit by a slowdown in job vacancies. In December 2023, the job vacancy to unemployment ratio was 1.74, compared to 2.30 in December 2022.

Read Also: How Singapore’s Labour Market Performed In 2023

#3 Global Trends: Higher For Longer Interest Rates; Rise Of AI; E-Commerce Slowdown

As a small and open economy, Singapore has to adhere to global trends to stay relevant. An environment of higher interest rates will inevitably affect global growth – including in Singapore.

With a signal that interest rates may stay elevated for a longer in 2024, investment sentiments may dampen on the back of higher borrowing costs.

At the same time, the post-pandemic explosion in e-commerce has meant that many businesses pivoted into it. Not doing so would be akin to giving up the potential growth. Now, it may be time for companies to relook their initial hires. 

With technology constantly evolving, and potentially more companies jumping on the AI bandwagon now, there may be greater “churn” in the economy – as DPM and Finance Minister Lawrence Wong mentioned in his Singapore Budget 2024 speech.

Edited by Sdf4786k
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This reminds me of Alvin Toffler's book on The Third Wave...information after agricultural and industrial...businesses also have similar 3 stages or waves if I may..matured liao move on to greener pasture...then another greener one...then...

I say our garment better be among the first mover to plant seeds in the largely untapped lust 2 continents...after the middle kingdom...😅

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On 3/25/2024 at 12:58 PM, Sdf4786k said:

looks like its coming soon.

 

Why Singapore Employees Need To Be Ready For Retrenchment In 2024 | DollarsAndSense Business

#1 Companies Are Retrenching – Potentially Viewing It As  A Path To Sustainability

We’ve been reading about a wave of companies retrenching their employees this year. Some that have made it into the news in Singapore include Shopback letting go 24% of its employees, Lazada letting go an estimated 100 people, Unilever realigning its marketing team in Singapore, PropertyGuru laying off 79 employees, Tetra Pak closing down in Singapore and 300 employees will be affected, Electrolux relocating its regional HQ from Singapore to Bangkok, and more.

This trend is not unique to Singapore either. Many of the biggest (and possibly smallest) companies globally are also looking to align its workforce with its requirements. They include Amazon to Google to Discord and Twitch.

Read Also: MOM Responsible Retrenchments – Guideline For Companies To Be Fair And Decent

#2 Retrenchment Statistics Are On The Rise

According to the Ministry of Manpower (MOM) the rate of retrenchments more than doubled in 2023. 14,590 workers were retrenched in 2023 compared to 6,440 in 2022.

While more people may be looking for new roles, they will also be hit by a slowdown in job vacancies. In December 2023, the job vacancy to unemployment ratio was 1.74, compared to 2.30 in December 2022.

Read Also: How Singapore’s Labour Market Performed In 2023

#3 Global Trends: Higher For Longer Interest Rates; Rise Of AI; E-Commerce Slowdown

As a small and open economy, Singapore has to adhere to global trends to stay relevant. An environment of higher interest rates will inevitably affect global growth – including in Singapore.

With a signal that interest rates may stay elevated for a longer in 2024, investment sentiments may dampen on the back of higher borrowing costs.

At the same time, the post-pandemic explosion in e-commerce has meant that many businesses pivoted into it. Not doing so would be akin to giving up the potential growth. Now, it may be time for companies to relook their initial hires. 

With technology constantly evolving, and potentially more companies jumping on the AI bandwagon now, there may be greater “churn” in the economy – as DPM and Finance Minister Lawrence Wong mentioned in his Singapore Budget 2024 speech.

https://dollarsandsense.sg/business/why-singapore-employees-need-to-be-ready-for-retrenchment-in-2024/?fbclid=IwAR1qfILnlkFlOKG72yCwwRjx1VLf2nWvW2A4Tbsj_elS-W1PKEF3NV_UnsE_aem_AVf3vaH5pnF-TL-JOGSu7bcl1U-Z2vO6pS2g9eH-ZNWRWKEwrR7dPirPeNkN_thMk70

yeah, just read it during lunch break....

 

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On 3/25/2024 at 2:37 PM, Spidey10 said:

https://economictimes.indiatimes.com/small-biz/trade/exports/insights/thailand-proposes-a-28-billion-sea-route-to-link-asia-pacificto-india-middle-east/articleshow/105223272.cms?from=mdr

could this be the end of trade for Singapore...another 20 yrs, if lucky i might see it but if not....is ok...think by then all migrated to someother place liao...

A city in a forest or a forest in a city? 😂

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On 3/25/2024 at 2:37 PM, Spidey10 said:

https://economictimes.indiatimes.com/small-biz/trade/exports/insights/thailand-proposes-a-28-billion-sea-route-to-link-asia-pacificto-india-middle-east/articleshow/105223272.cms?from=mdr

could this be the end of trade for Singapore...another 20 yrs, if lucky i might see it but if not....is ok...think by then all migrated to someother place liao...

Land bridge?

😂

Confirm will not come true.

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Supercharged
On 3/25/2024 at 2:37 PM, Spidey10 said:

https://economictimes.indiatimes.com/small-biz/trade/exports/insights/thailand-proposes-a-28-billion-sea-route-to-link-asia-pacificto-india-middle-east/articleshow/105223272.cms?from=mdr

could this be the end of trade for Singapore...another 20 yrs, if lucky i might see it but if not....is ok...think by then all migrated to someother place liao...

This was already on the news months ago.... and discussed until death on various singapore forums.

Not impossible, but feasibility is quite low.

Need to coordinate 2 ships to docks in nice nice timing on both sides and unload cargo swee swee on one side, transport swee swee to the other side, load swee swee, then some time and $$ can be saved.

Of course never say never. I think PSA have to quickly brainstorm worst case scenario.

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On 3/25/2024 at 2:37 PM, Spidey10 said:

https://economictimes.indiatimes.com/small-biz/trade/exports/insights/thailand-proposes-a-28-billion-sea-route-to-link-asia-pacificto-india-middle-east/articleshow/105223272.cms?from=mdr

could this be the end of trade for Singapore...another 20 yrs, if lucky i might see it but if not....is ok...think by then all migrated to someother place liao...

See lah ...this is what happens when you get your T.Swift exclusive at the expense of your SEA neighbours .... payback time🤣

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