Around eight in 10 of these affected workers were in non-tech roles such as sales, marketing, and corporate functions, and seven in 10 of the affected workers were aged 35 and below, he added.
Dr Tan was responding to several parliamentary questions filed by five Members of Parliament for Monday's sitting about the extent of the global tech layoffs impacting Singapore. Dr Tan said most tech and non-tech workers from the information and communications sector have been able to secure a job soon after retrenchment, with a higher rate of re-entry into employment within six months after retrenchment than the rest of the economy based on statistics from the second quarter this year.
"Other sectors like financial services, including local banks, are also hiring for tech roles. Taken together, this reflects that there is strong supportive capacity across the larger economy and opportunities for affected workers to fill in-demand roles," said the minister.Ms Joan Pereira, Tanjong Pagar GRC MP, also asked whether employers had been prompt in submitting notices of retrenchment to the ministry.
Source: News Formal (newsformal.com)
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