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Amid ongoing tech layoffs, employment bright spots appear at recently funded startups

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Benjamin Cher

Benjamin Cher

Published Thu, Feb 29, 2024 · 12:00 PM
    • Hiring now will be more intentional and unlike 2021, when companies were on a mission to grab talent, says Elena Chow, founder of employment consultancy ConnectOne.
    • Hiring now will be more intentional and unlike 2021, when companies were on a mission to grab talent, says Elena Chow, founder of employment consultancy ConnectOne. PHOTO: CHERYL ONG, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE start of 2024 saw layoffs continue to roil the tech sector, but recruitment experts report some bright spots of hiring emerging in the local startup ecosystem.

    Singapore’s employment statistics for 2023 showed retrenchments more than doubling their 2022 level to hit 14,320.

    E-commerce major Lazada axed at least 100 jobs in January, including layers of leadership roles, and most recently, property portal PropertyGuru said on Tuesday (Feb 27) that it would cut 79 jobs and shut unprofitable units.

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