Lazada has announced a retrenchment exercise, joining a growing list of companies cutting jobs in Singapore during the second quarter of 2026.
The move underscores a broader trend of workforce reductions across the city-state, with at least seven firms now reported to have trimmed staff in the current quarter.
The acceleration in job cuts follows a first quarter that saw retrenchment levels hit their highest point since the third quarter of 2023.
This sustained pressure on employment suggests that the initial shock of early-year layoffs has evolved into a more persistent structural adjustment across multiple sectors.
The trend in Singapore mirrors wider regional and global patterns of corporate consolidation.
Recent reports from Bloomberg highlighted a surge in job cuts across the UK, driven by the dual pressures of artificial intelligence adoption and ongoing geopolitical uncertainties.