During the pandemic, every company and organisation had to face a variety of challenges, and one of them was downsizing. The downsizing can either be done in one go or in batches, which can cause distress and even anger in their employees, both those who got laid off and those who were left behind. Those…
Tag: Company
Coping with the Emotional Impact of a Layoff
Being laid off from work can be a stressful and overwhelming experience, especially if you were not told why and if you have been working on the job for a long time. For some, the layoff can become a new break for them to try something new or closure to an already strenuous relationship with…
Were your Fired or Retrenched? Know the Difference to Get your Rightful Benefits
The COVID-19 pandemic has definitely changed how businesses conduct their operations, and the impact is felt at every industry level. The employment figures of a company will be a great indicator of how businesses are fairing, and it does not look promising. Here in Singapore, analysts project that around 45,000 to 200,000 people will likely…
Bad Retrenchment Practices for Companies to Avoid
In recent months, many employees have been on edge because of the sudden mass retrenchments ordered by some of the country’s top companies. Experts say that these retrenchments will continue as the world tries to recover from the pandemic. Employers even say that given the uncertainty of the market in the post-pandemic world, retrenchments should…
Can You Learn Anything From Gen Z at Work?
The Gen-Z generation, or those born between 1996 to 2000, are now influencing the workplace and comprise a huge chunk of the workplace. It can be challenging for us from different generations to understand what they are thinking and keep up with them. However, having these workers in the workplace can be a learning experience…
4 Ways to Manage a New business during Recession
Whether you are a small business owner or a large one, the word “recession” is something you don’t want to hear. Getting customers during this period can be challenging because they will be more selective over their spending. To keep the business afloat, prices are adjusted, expenses are reduced, and new investments are postponed until…
What Are The Tech Companies That Have Retrenched Their Employees This Year?
In recent months, tech companies have made headlines not for their new products and services but for the mass layoffs they are enforcing without warning. From large to small companies, they all cut their staff numbers, announce additional layoffs and sometimes, they do not fully expound why dismissal was necessary. If you are considering joining…
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