More new graduates remained unemployed after 6 months. Meanwhile PAP continues to bring in foreigners to fuck Sinkies. Majulah.

[A Singaporean]

https://www.straitstimes.com/singap...l-time-work-though-more-had-higher-pay-survey

 

[bobby]

61% wanted it this way….majullah!!!!

 

[sbfuncle]

The survey showed 79.5% secured employment. It will also mean pap will get 79% votes somewhere there. After you add in all the pte uni unemployment you will get a rough 69%.
Don't ever think the employed ones will vote for oppie for the unemployed ones.
Therefore is indeed majulah pap.

 

[True Believer]

These new university graduates are past their 21st birthday, and must use their right to vote to send a strong signal to the govt that there is a price to pay for committing treason.

 

[True Believer]

The survey showed 79.5% secured employment. It will also mean pap will get 79% votes somewhere there.
Therefore is indeed majulah pap.

I suspect it is actually underemployment i.e. these university grads are working as waiters, sales assistants, PHV/taxi drivers, couriers, security guards and other gig workers.

 

[Pinkieslut]

Sinkies are JLB fucktards

 

[sbfuncle]

I suspect it is actually underemployment i.e. these university grads are working as waiters, sales assistants, PHV/taxi drivers, couriers, security guards and other gig workers.

Possible. But I think they will skip security guards.
I notice nowadays sg is very aggressive in promoting skillfuture trainings.
They even come door to door and all of them are young educated, probably underemployed grads.
I suspect some pte companies were setup to leech unemployed sinkies to pay for skillfuture. And most probably those courses they pushing may need topping up $ from own pocket.

 

[cocobobo]

If you hire sinkee grads instead of FTs, who will rent the pap-boomers 2nd, 3rd, 4th properties? All will sit empty. Spare a thought for the rich landlord boomers

 

[VanDick]

The problem is that these dumbfucks chose to go to local Uni (NUS, NTU, SMU, SUTD, SUSS). They should go to Uptron instead.

 

[k1976]

DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles​

Bloomberg
Mon, 24 February 2025 at 5:24 PM SGT2-min read

DBS plans to cut around 4,000 of its contract and temporary staff workforce over the next three years. (Photo: Bloomberg)
By Chanyaporn Chanjaroen

(Bloomberg) – DBS Group plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out by human beings.

Southeast Asia’s largest lender has approximately 8,000 to 9,000 of such staff, according to Chief Executive Officer Piyush Gupta, replying to a query from Bloomberg News. He confirmed a Press Trust of India news agency report which said the bank will trim its workforce following further adoption of AI across its business.

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Permanent staff will not be affected, the outgoing CEO said. DBS, based in Singapore, has around 41,000 staff and Tan Su Shan, currently deputy CEO, will succeed Gupta on March 28.

Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, said a Bloomberg Intelligence report last month. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut, according to the report.

Still, many firms have stressed that the shift will result in roles being changed by technology, rather than replaced altogether. Teresa Heitsenrether, who oversees JPMorgan Chase’s AI efforts, said in November that the bank’s adoption of generative AI was so far augmenting jobs.

 

[k1976]

HSBC plans new round of investment bank job cuts next week​

The latest phase of cuts will start in Asia, but will ultimately affect employees globally

Published Fri, Feb 14, 2025 · 05:57 PM
HSBC

• 
  
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• 
  
  
  
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• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC
• Georges Elhedery is reducing costs with a restructuring that has so far included combining the commercial banking division with its global banking and markets unit and pulling out of some underwriting and advisory businesses in Europe and the Americas. PHOTO: HSBC

HSBC Holdings is kicking off a fresh round of job cuts at its investment bank as new chief executive officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter.

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people, who asked not to be identified discussing private matters. It’s not clear how many people will be affected by the moves.

Some cuts are already underway in the firm’s markets division but wider layoffs across the investment bank will begin as early as Monday, the people said. The dismissals will be staggered over several weeks and months, one of the people said. Staff will be let go based on performance as well as to remove duplication of jobs or to simplify operations, the person said.

 

[batman1]

To retard sinkees.For once,do yourself a favour.Vote out the pap in the coming GE 2025.

 

[millim6868]

Lol,my workplace many foreigners bit eventually all apply as PR,lol,locals are rare like panda in m, workplace,even ah long on tv mentioned it bit cannot reveal,lol,so local are consider very rare,maybe only 10 percent in the work force strength,lol,cos ah long say 60% bit it's a joke,lol

 

[bigozt]

So why still hang around Sinkie and not become an Overseas Sinkie?

 

[laksaboy]

60 years, it has been a good run. One full Chinese zodiac cycle 甲子.

From getting kicked out of Malaysia to SG25 'One People, One Nation, One Singapore', to Four Million Smiles of SG41, to SG50 and LKY mati, to the scamdemic years.

And here we are now, SG60.

 

[True Believer]

Possible. But I think they will skip security guards. I notice nowadays sg is very aggressive in promoting skillfuture trainings. They even come door to door and all of them are young educated, probably underemployed grads. I suspect some pte companies were setup to leech unemployed sinkies to pay for skillfuture. And most probably those courses they pushing may need topping up $ from own pocket.

SkillsFuture prepares Sinkies for a future of underemployment or continued unemployment.

 

[k1976]

Jialat