Singapore Q2 retrenchments hit 4,620, highest since late 2020

Singapore's retrenchment rate in Q2 2026 reached its highest since the pandemic, with 4,620 layoffs driven by business reorganisation and restructuring. This marks a continued upward trend from Q1's 3,830, signaling labor market softening amid global tech and trade headwinds. The data suggests potential downward pressure on domestic consumption and growth, though the absolute numbers remain modest relative to the workforce.