Commentary: The emotional impact of being retrenched

[Retrenchment Benefits] One often heard buzzword characterising the employment landscape in Singapore today is “job-hugging”, where employees position themselves to stay in their current jobs arising from economic uncertainty, lack of better prospects, prioritizing security over career change, the broader costs of acquiring new skills, amongst others. In such a jobs environment, retrenchment can hit a worker, whether you are a PMET (Professionals, Managers, Executives, Technicians) or non-PMET w