SG worker says he ‘lowkey hopes to get retrenched’ as rumours emerge of reduced packages or even PIP in next layoff round

In a surprising Reddit post on r/singaporejobs, a Singaporean worker expressed his secret hope of being retrenched. The individual works for an automotive company that has already undergone two rounds of layoffs, with a third slated for this month. Employees with a year or more of service are entitled to a one-month salary for each year of employment as part of the retrenchment package. For a worker with over a decade at the company, this could result in a substantial payout.

The post gained traction among fellow Singaporean Redditors who shared their own sentiments about their jobs. Some admitted to feeling burnt out due to impossible deadlines and contemplated resigning if a layoff occurred. Others advised the original poster to begin searching for alternative employment simultaneously to ensure they were not left without any options.

The original poster also mentioned rumors of a fourth round of layoffs with potentially reduced packages or even a performance improvement plan (PIP). The low morale at work, with everyone buried under ongoing projects without any new ones on the horizon, added to the company's challenges. The worker also noted that all the projects had already been assigned to counterparts in India and China, exacerbating the situation.

Several Redditors encouraged the original poster to start looking for a new job. They suggested that even if the retrenchment news did not materialize, having a job lined up would prevent any unexpected surprises. The post highlighted the challenges Singaporean workers face in a competitive job market, where layoffs and reduced packages are becoming more common.