Laid-off tech workers still in demand elsewhere – but may not be in jobs they prefer
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE’S employers are still hiring for tech roles, taking the chance to snag workers made redundant in the rounds of high-profile layoffs since 2022, say recruiters and economists.
But affected workers may not be able to match their previous jobs. The layoffs represent a market correction, after the tech hiring boom during the Covid-era work-from-home phase, said the observers.
Most retrenched tech employees in Singapore landed new jobs within three to six months, said Ravi Nippani, associate partner of human capital solutions at professional services firm Aon.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025