Serious More Leetrenchment and drop in wages in 2025!

[Dr Christopher Cheok C S]

I hate the lies about job-market being strong. This is the worst job market in my lifetime for locals.

 

[Gangster]

 

[Robert Half]

We are likely to see more younger people becoming professional punters

 

[k1976]

We are likely to see more younger people becoming professional punters

Sad but true observation

 

[k1976]

Sinkie jobs will give jihu kia advantage one.

2yrs ahead advantage is hard to overcome de

 

[shock888]

I hate the lies about job-market being strong. This is the worst job market in my lifetime for locals.

I dont know what the Minister is smoking.. I am curious of participation rate of local born Sinkies...

 

[Dr Christopher Cheok C S]

I dont know what the Minister is smoking.. I am curious of participation rate of local born Sinkies...

from what i understand, there are poor career prospects for mainstream middle-age Singaporeans

- Please try to get perm jobs. When contracts are renewed, your long-term pay-raise is capped, retrenchment benefits are for-gone.
- Local employment contracts are pegged to the underlying grants.
- When grants expire, they will major white-collar employers trade contract employees.
- Some sectors or invited companies have unlimited quotas on hiring foreigners. Even in F&B, why do you think HDL is all foreign staff when the first came over to Singapore.
- Some foreign companies are awarded grants, incentives or conditions to hire locals above certain wage level. When once these incentives and tax-breaks are gone, they have to leave, so they will only hire on contract basis.

Therefore, it makes sense to work in civil service these days. Same pay, more leave, more benefits, more stability, more work-life balance. Many places like retirement villages.

 

[Dr Christopher Cheok C S]

indicators are sounding the alarm, our middle-class is crashed. Manufacturing jobs are disappearing at an alarming rate because MTI told them that industrial-space cost and carbon tax will only get higher. White-collar staff in MNCs like Sony, Canon, and likes get sacked because our SGD is too strong. You can find new jobs, but they will not pay you more. In the end, you start to use your credit cards to pay your car, condo loans and children's tuition fees. The stock market doing well? Only the index counters and most people don't make money from your small caps and mid-caps. You think our gambling industry is doing well? But even MBS and Genting are hiring more foreign staff, not local. Their prosperity can translate to CDC vouchers for you.

there is a lag in govt perception means that by the time it’s widely acknowledged, it might be too late to adjust and salvage the situation. We have employment but the next job has either lousier pay or not career advancement to speak off.

I got six friends and neighbours who lost their jobs in the past 2 years, leading to feelings of hopelessness and frustration

Lost generation for many. Like i said, this is the worst era for job market in my life.

 

[k1976]

from what i understand, there are poor career prospects for mainstream middle-age Singaporeans

- Please try to get perm jobs. When contracts are renewed, your long-term pay-raise is capped, retrenchment benefits are for-gone.
- Local employment contracts are pegged to the underlying grants.
- When grants expire, they will major white-collar employers trade contract employees.
- Some sectors or invited companies have unlimited quotas on hiring foreigners. Even in F&B, why do you think HDL is all foreign staff when the first came over to Singapore.
- Some foreign companies are awarded grants, incentives or conditions to hire locals above certain wage level. When once these incentives and tax-breaks are gone, they have to leave, so they will only hire on contract basis.

Therefore, it makes sense to work in civil service these days. Same pay, more leave, more benefits, more stability, more work-life balance. Many places like retirement villages.

Many Army Guys are talking about their satik EV grand purchase during lunch time near my office, while my team are worrying about what is the next investment coming in to sustain ongoing projects and CAPEX

 

[syed putra]

All that wealth are sucked into wall street and crypto. With zero new employment or products.
Result is more layoff and higher cost of goods and share prices.

 

[k1976]

All that wealth are sucked into wall street and crypto. With zero new employment or products.
Result is more layoff and higher cost of goods and share prices.

All will be 万福金安for the Elites, while common ah Fok aka sheeps foot the bill

 

[Dr Christopher Cheok C S]

All that wealth are sucked into wall street and crypto. With zero new employment or products.
Result is more layoff and higher cost of goods and share prices.

the last market crash was lehmen crisis.

thereafter, cryptos created wealth out of thin air and sustained the economic growth. I even know SME towkays who don't make money from their business but making tonnes from cryptos.

 

[k1976]

Those savvy bro n sisters invest in bitcoins n Rolex, how?

 

[Sinkiesuk]

Micron sinkie say the new expansion will create 9k jobs leh.

 

[myfoot123]

and they are so capable with time-management, many holding other directorships or job-hopping.

No wonder parliament became their sleeping place, where they are supposed to speak actively for voters.

 

[Dr Christopher Cheok C S]

Micron sinkie say the new expansion will create 9k jobs leh.

for those who stays in malaysia
the plant is in woodlands

even republic poly is like malaysia polytechnic

 

[WangChuk]

so weird .... they left EU and all the import labor left .... still recession and no jobs for themselves? Or immigrants and asylum seekers too many?

 

[Sinkiesuk]

for those who stays in malaysia
the plant is in woodlands

even republic poly is like malaysia polytechnic

Of cuz la. Is a paradise for them and also prc.

 

[Leckmichamarsch]

Microsoft layoffs: A timeline of job cuts throughout the software giant's history​

Steven John
Jan 3, 2025, 5:52 PM SGT
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I RYU/VCG via Getty Images

• Microsoft employs some 228,000 workers globally.
• Like other large tech companies, Microsoft has implemented mass layoffs in the past.
• Microsoft's recent layoffs have primarily hit Xbox, Activision Blizzard, and Azure.

A company doesn't reach the half-century mark without a few rounds of layoffs now and then. Microsoft, founded in 1975, is gigantic in terms of revenues and employees and has been known to fire huge numbers of workers en masse from time to time.

CECA CEO PAYS HIMSELF 30 MILLIONS MORE

 

[k1976]

CECA CEO PAYS HIMSELF 30 MILLIONS MORE

That is why decades ago, a wise Man once say…. No retrenchment He wallorry