Singapore employment growth picks up in Q3, but retrenchments continue to rise

Singapore Layoffs in Q3 Reach Highest Level Since 2020 Amid Restructuring Wave | 📲 LatestLY

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Singapore Q3 employment growth more than doubles to 27,700

Figures were mainly supported by essential and public services, while outward-oriented sectors remained subdued amid global economic uncertainty.

Singapore layoffs hit highest level since 2020 in third quarter

Singapore recorded 4,800 retrenchments in the third quarter of 2026, the highest level since late 2020 during the Covid-19 pandemic. The rise, driven by business reorganisations, came despite overall employment growth of 27,700 during the quarter. The Ministry of Manpower flagged emerging weaknesses in parts of the labour market, with more companies indicating plans to retrench employees over the next three months.

Singapore third-quarter layoffs at highest level since 2020

Singapore Q3 retrenchments rise to 4,800; resident unemployment edges up to 3%: flash data

Manpower Ministry flags ‘emerging weaknesses’ in labour market Read more at The Business Times.

Singapore employment growth picks up in Q3, but retrenchments continue to rise

Despite total employment growing in Q3, retrenchments in Singapore rose to a nearly six-year high amid economic uncertainty, according to advance labour market data by the Ministry of Manpower.