Singapore Finance Sector Faces Job Cuts Amid Global Hiring Trends
The finance and insurance sector in Singapore is expected to reduce its workforce in the third quarter of 2026, according to the latest ManpowerGroup Employment Outlook Survey. The sector recorded a Net Employment Outlook of minus 2%, indicating more employers plan to cut jobs than hire. This places the sector at the bottom among Singapore's main industries, with manufacturing and construction showing stronger hiring prospects. The overall Net Employment Outlook for Singapore stands at 13%, a decline from previous quarters. Globally, the finance and insurance sector is performing better, with a Net Employment Outlook of 29%, driven by company expansion and optimization efforts. 
