Retrenchment. A word we often hear in the news but not something many would expect to happen to them. It carries a weight of uncertainty, and for many, the sudden loss of a job can feel like an emotional and financial setback. While the topic of retrenchment is commonly discussed, it’s still a shock when it happens to you.
Yet, workplace retrenchments are on a steady rise in Singapore. According to statistics from the Ministry of Manpower, layoffs in the second quarter of 2025 saw a slight rise compared to the same quarter in the previous year.
Major multinational corporations like Amazon, Agoda, Microsoft, and Jetstar are among those who’ve conducted significant retrenchment exercises, making headlines as they impacted hundreds of employees. For those affected, the experience can feel like a blow to their career trajectory and personal identity.
While you may not be part of the statistics, it’s important to know the steps you can take before retrenchment blindsides you. Knowing what steps to take before or after retrenchment can help you recover quickly, stay resilient, and even emerge from the situation stronger than before.
We explore how retrenchment, while unexpected, can also serve as an opportunity for growth and reinvention. More importantly, we’ll introduce you to the SkillsFuture Jobseeker Support scheme (JS scheme), a government initiative that provides not just financial aid, but a structured plan to help you get back on your feet, upskill, and find your next job with confidence.
What is the SkillsFuture Jobseeker Support scheme?
The scheme aims to help eligible jobseekers take their next steps in securing employment once again with a framework of career-related activities.
It offers monthly payouts, which can total up to $6,000 over a six-month period, while guiding participants through a series of career-related activities to assist in their job search. Find out if you qualify for the JS scheme by visiting the Workforce Singapore JS scheme website or watch the video below.
Why the JS scheme is more than just financial aid
When faced with sudden job loss, it’s natural to feel lost or uncertain about your next steps. Instead of letting this unexpected free time overwhelm you, view it as an opportunity to reassess your goals and plan your next move.
The JS scheme provides a structured approach to help you navigate this period of uncertainty, keeping you focused and motivated as you move forward. The gamified experience is designed so that you can find your job-hunting rhythm in a steady manner. Eligible jobseekers will need to earn points — 10 in your first month, then five a month subsequently to qualify for the monthly payouts.
Points can be earned just by seeking career support or tapping into government-provided resources. Attend a Skills and Training Advisory to find out if your skills are still relevant for your industry and earn yourself one point. Speak to a career coach about your next steps and you’re on the receiving end of four points.
Stay informed and secure. Navigate your job search confidently with MyCareersFuture.
You can also earn points by upskilling or reskilling yourself through WSG’s Career Conversion Programme or Mid-Career Pathways Programme, or by attending a training course through MySkillsFuture.
You’ll even earn points just by attending career fairs and connecting with industry professionals who can help open new doors.
And since points are earned for every completed task, every activity counts! While you could easily do these activities on your own, the scheme is meant to keep you motivated and dedicated while searching for your next job.
Each step is a new opportunity
By breaking down the recovery process into smaller, manageable tasks, the JS Scheme ensures you don’t feel overwhelmed. Whether you’re looking to stay within your industry or explore something entirely new, every step forward is a chance to learn, grow, and position yourself for success.
Don’t let retrenchment define who you are — take this as an opportunity to start the next chapter of your life with more drive and energy.
