Companies cited the typical concerns about profitability, but analysts call it a sign that firms are pre-emptively cutting costs in anticipation of a potential recession. Photo: Bloomberg
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A few well-known firms have started the year by “rightsizing” — laying off staff in Singapore and abroad — even as the market is touted to perform better with rates set to fall.
Companies cited the typical concerns about profitability, but analysts call it a sign that firms are pre-emptively cutting costs in anticipation of a potential recession.
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