Retrenchment exercises are good for Singapore. It's a cleansing process whereby deadwood is removed and companies get the opportunity to rejuvenate.
It's also encourages those retrenched to do something a bit more adventurous with their careers as the opportunity cost equation shifts substantially towards taking more risk with much greater potential for a windfall return.
Wish we could say that for the people in government, not only we have a forest of 'deadwoods'; we have exotic fungi growing out of them & many of these fungi are phosphorescence.
Every election, we get the same 'deadwoods, & after that more phosphorescence fungi.
The lesser mortals are being 'rejunevated', when they age, they become 'deadwood' & eradicated, thrown into a heap & become compost.
Whereas the higher 'deadwoods' gets rejuvenated & continue to rot...
:p