Impacted employees reportedly received retrenchment notices on Apr 15
Global real estate consultancy JLL has laid off some staff in Singapore following a recent organisational restructuring exercise.
According to a report from The Straits Times, the firm confirmed the restructuring but did not disclose the number of roles impacted.
A former employee who spoke to the publication said that those affected, including colleagues in the US market, received retrenchment notices on Apr 15. Staff were given the option of an early release or serving out their full notice period.
Separately, some JLL employees have also shared on LinkedIn about the layoffs. One post even reportedly stated that at least four employees from the same department were let go.
A spokesperson from JLL told The Straits Times that the restructuring is part of a global effort to streamline operations and position the company for long-term growth amid shifting conditions in the real estate market.
“As a global company, JLL undertakes organisational realignment to streamline operations and position the business for long-term growth in a rapidly evolving real estate services market,” the spokesperson said.
“As part of this broader transformation across multiple markets, we have made the difficult decision to restructure certain functions in Singapore over recent weeks, which has impacted a limited number of roles.”
The firm added that it has notified the Ministry of Manpower and complied with Tripartite Guidelines on responsible retrenchment.
Vulcan Post has reached out to JLL for comments.
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Featured Image Credit: JLL
