CapitaLand Investment lays off about 90 employees in Singapore amid restructuring

CapitaLand Investment, a prominent real estate firm based in Singapore, recently announced a restructuring initiative that resulted in the termination of 90 staff members in 2026. This move accounts for approximately 4 percent of the company's Singapore workforce. The firm did not disclose the specific departments affected by the layoffs.

The decision to streamline its organizational structure was made to align with the company's strategic priorities and long-term business objectives. CapitaLand Investment operates in Singapore with a workforce of around 2,200 employees, the majority of whom are based at its Capital Tower office. The company is unionized, and representatives from the Singapore Industrial and Services Employees' Union (SISEU) were informed about the restructuring process in advance.

The union has been actively engaged with the firm throughout the entire process, including advocating for the fair treatment of affected employees and ensuring that severance packages comply with collective agreements. The joint statement from the company and the union emphasized the importance of supporting employees during this transition and highlighted their willingness to explore redeployment opportunities within the group.

In 2025, local employees constituted approximately 77 percent of CapitaLand Investment's Singapore workforce, with over 48 percent of these employees holding managerial and senior management positions. According to the company's 17th global sustainability report released in May 2026, the global workforce of over 9,500 employees has experienced a turnover rate of 24 percent without any major layoffs.

The firm, headquartered and listed in Singapore since 2021, maintains a significant presence in Asia, operating in more than 40 countries including China and India. Current job openings on the company's website as of September 3 included over 60 roles and internships in various sectors such as operations, property management, and marketing.

CapitaLand Investment's chief executive, Lee Chee Koon, revealed during the real estate manager's results briefing on August 13 that the firm is considering selling a stake in its hospitality business, The Ascott Limited, to fuel its growth. The company reported a 13.9 percent increase in net profit to $327 million for the first half of the financial year ended June 30, up from $287 million a year earlier. ST News has reached out to the Ministry of Manpower for further information on the matter.