Losing your job due to retrenchment

Losing your job due to company down-sizing can be both dramatizing and depressing. Indeed, with the rise of machine-learning and artificial intelligence, thousands of jobs are being made redundant on a daily basis. What this means is that many skills are becoming obsolete. However, the topic of retrenchment is seldom discussed in Singapore because of the social stigma. Recently, when I touched on the SPH retrenchment exercise, a reader questioned my agenda and even condemned me for being anti-government. I wish to use this article to set the record straight.

Building this blog from zero had been both challenging and at the same time, rewarding on a personal level. I have gained useful knowledge that readers have shared in this blog. Over the years, I have received numerous compliments from readers through emails and Facebook messages. Yet at the same time, this blog had also attracted a fair share of criticisms from detractors and critics questioning my agenda and intentions for sharing my articles.

Perhaps, critics who denounced my blog may not have spent time reading the articles that I have shared freely over the years. If they did, it would be clear to them that this blog is about promoting financial literacy and helping others to make better decisions. This blog is not about fear-mongering nor attacking government policies. Instead, SG Wealth Builder is all about empowering fellow Singaporeans to make sound financial strategies and choices.

I don’t claim to be any sort of guru because I am also a fellow wealth builder struggling to achieve financial freedom. But if given a choice, would you prefer to walk this journey alone or together with people of like-mind? Sometimes, building wealth can be a lonely journey. Sometimes, it can be scary too.

Through raising awareness of the rules and regulations pertaining to financial matters, I hope Singaporeans can avoid common pitfalls. It is not my intention to effect changes to the rules and regulations because I am not a politician. This blog is also political-neutral. Fundamentally, the aim is to share articles that add value and enhance quality of life. In the process, I hope to form solidarity among Singaporeans, and build a community.

Job security is one of my favourite topics because I believe effective career management is part of building wealth too. In the initial stage of our career, we would need to work for money before making money works for us. For many of us, a job is more than a job because it not only enables us to make both ends meet, but it gives us identity and social status. In fact, most of us spend more waking hours at the workplace than at home, so the office is like a second home. Thus, it is understandable that when people got retrenched, they feel a deep sense of betrayal and bitterness.

In my perspective, it is perfectly normal to be [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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