Retrenchment support group

[nyvrem]

is this a sign of recession?

also take care kor kor ~

 

[HumJiBeng]

Seems like quite a number in the past few months.

I'll start
Late 40s. Let go last week. Financial sector. Married with kids but no more loans so not that stressed in terms of financial.

Will take at least a month break to clear my mind and enjoy a well deserved rest. Then look for job after CNY

Was my 2nd retrenchment by the way

Is ur industry/skillset in high demand ?

 

[SpecialKeyboardService]

Seems like quite a number in the past few months.

I'll start
Late 40s. Let go last week. Financial sector. Married with kids but no more loans so not that stressed in terms of financial.

Will take at least a month break to clear my mind and enjoy a well deserved rest. Then look for job after CNY

Was my 2nd retrenchment by the way

Uob fired chu?

 

[MrCoolStoryBro]

pharma industry, 1mth / year of service. retrenchment due to cutting cost in certain areas globally

got paid 8 months worth of compensation almost 100k.

found another job at 5% increment within 2 weeks. so not sure why lazada people so sad.

sometimes it is better to get retrenched (compensation + increment if found new job outside) than stay in the old company and take over more workload with no extra money

 

[qhong61]

Seems like quite a number in the past few months.

I'll start
Late 40s. Let go last week. Financial sector. Married with kids but no more loans so not that stressed in terms of financial.

Will take at least a month break to clear my mind and enjoy a well deserved rest. Then look for job after CNY

Was my 2nd retrenchment by the way

Sorry to hear that

 

[qhong61]

Same predicament but I not like you already got house and settled. So I'm stressed out with my future...

U still young.
Only 28.

 

[qhong61]

Banking. Reasonable package. Better than lazada

How many yrs with the bank?

 

[titusilvering]

Seems like quite a number in the past few months.

I'll start
Late 40s. Let go last week. Financial sector. Married with kids but no more loans so not that stressed in terms of financial.

Will take at least a month break to clear my mind and enjoy a well deserved rest. Then look for job after CNY

Was my 2nd retrenchment by the way

After kana 2 retrenchment.... You never think it's something wrong with your work performance?

 

[coolhead]

After kana 2 retrenchment.... You never think it's something wrong with your work performance?

Retrenchment is largely nothing to do with work performance. Mybfd

 

[DarkStarer]

After kana 2 retrenchment.... You never think it's something wrong with your work performance?

Based on his postings, quite sure he's middle management earn quite a bit kind.

 

[titusilvering]

Retrenchment is largely nothing to do with work performance. Mybfd

Then mean the EQ people relationship issue?

 

[IAmChiobu12M]

U still young.
Only 28.

Young and broke lor

 

[lalalalalala]

Retrenchment is largely nothing to do with work performance. Mybfd

Banking hire and fire is quite norm. Usually is due to different needs. Like last time they mass hire compliance because credit suisse kana fine. 2 year later mass fire because no one else kana fine

 

[coolhead]

Then mean the EQ people relationship issue?

You can refer to @lalalalalala answer above. It's one of the reasons.

 

[DarkStarer]

Then mean the EQ people relationship issue?

Might be performance, might be EQ.

Sometimes the boss ask the pet dog which one fire then the pet dog anyhow point also possible.

If based on last time logic retrenchment then yes. But now I feel earth too overpopulated and globalised. Even if you do nothing wrong, whole department can be made redundant and shift to cheaper countries. Businesses are just addicted to cheap labour and cutting down a lot on middle management.

But my sensing on TS is that he has little to worry about and has his figures all figured out (pun hehe). He seems like those 10k/mth high flyer so we better take care ourselves first before worrying about him.

 

[highsulphur]

Bro which finance you in? Maybe bros here can lend a hand.

Pretty niche. Hopefully will get leads from contacts in the industry. Just that I haven't told many yet. Don't think will have an issue finding a job but need to prepare for a pay cut at my age.

Stay strong kor kor

Thank you

is this a sign of recession?

also take care kor kor ~

Thank you

Is ur industry/skillset in high demand ?

Should be in reasonable demand especially experience hopefully counts for something

How many yrs with the bank?

Around 10 years

 

[deepbluewater]

Pretty niche. Hopefully will get leads from contacts in the industry. Just that I haven't told many yet. Don't think will have an issue finding a job but need to prepare for a pay cut at my age.


Thank you


Thank you


Should be in reasonable demand especially experience hopefully counts for something

Around 10 years

Can ask are u in investing side?

 

[coldish]

Just go do something different and be featured in Shiat Times as Inspiring Entrepreneur who left the high income banking industry.

 

[Mr Totoro 38]

Seems like quite a number in the past few months.

I'll start
Late 40s. Let go last week. Financial sector. Married with kids but no more loans so not that stressed in terms of financial.

Will take at least a month break to clear my mind and enjoy a well deserved rest. Then look for job after CNY

Was my 2nd retrenchment by the way

Take a good break. Don't think so much.

relax your mind first and recharge yourself and slowly look for new jobs.

That's life la...at least you have NO financial stress on loans...
just plan well on budget and sure you can get by well.

 

[tuxguy]

Would be nice if this thread becomes a sinkie help sinkie thread