Finance sector ranks second in Singapore retrenchment rate

Only information and communications ranked higher.

Financial and insurance services recorded the second-highest retrenchment rate amongst Singapore industries in the fourth quarter of 2025, according to a study by Briefcase Index.

The study put the sector’s retrenchment rate at 0.222%, behind only information and communications at 0.270%. Wholesale and retail trade ranked third at 0.173%.

Briefcase Index said the figures suggest workforce adjustment is also affecting sectors associated with higher-value and professional employment. It highlighted financial and insurance services alongside information and communications as leading the ranking.

Professional services placed fourth with a retrenchment rate of 0.144%, followed by manufacturing at 0.116%.

Transportation and storage, real estate services, and administrative and support services posted lower rates of 0.068%, 0.052%, and 0.051%, respectively.

Accommodation and food services and construction had the lowest retrenchment rates in the top 10 at 0.026% and 0.025%, respectively.