Earlier last month, I shared some retrenchment news in Malaysia.
Since then, there is more announcements on job cuts as below:
- RHB Capital embarks on Career Transition Scheme (CTS)
- Malaysian Banks Reducing Staff
- Hewlett-Packard Co (HP) to Cut up to 30,000 jobs
- Shell Malaysia to axe 1,300 jobs over two years
All of the above were announced in September 2015.
With the increasing cost of living and limited job opportunities, it is going to be a tough time ahead for those affected by retrenchment.
Imagine, the job opportunity is already scarce. It is hard for a fresh graduate to get a job. Now, with these retrenchments, more and more people are fighting for the same job opportunity.
For those who are still earning, it is better to start saving for your emergency fund now.
Let us keep sharing such great things on education and career development. I always feel great being part of education and career development. By the way, take a look on Benefits of Studying Abroad if anyone of you looking for a better career.