Technology remains unshaken in Singapore in 2023

As we know, Singapore was victim to the layoffs that hit the worldwide technology industry in 2022, which led to a 10% diminishing of online marketplace Carousell’s total headcount by the end of the previous year. Despite the reduction in workforce, Singapore is still committed to nurturing its technology talent. The country continues to invest in developing and hiring tech professionals in both the tech and non-tech industries.

Singapore's leading banks, including OCBC, DBS, and UOB, have established specialised training programs to equip tech experts and students aspiring to pursue careers in the tech industry. OCBC, specifically, has plans to recruit 1,500 tech employees over the next three years.

STLogistics has also joined in the efforts to encourage its employees to acquire digital skills such as software robotics with a significant investment of 1.7 million Singapore dollars ($1.2 million) announced last year. M1, a telecommunications company, has launched an initiative on its website to provide undergraduates with cloud infrastructure support abilities.

The need for these valuable digital skills will continue to be in high demand, not only in the tech sector but in various industries as well. This led to an unforgiving demand for IT specialists in Singapore, IT job vacancies are opening up to run the rat race of recruiting the most talented professionals. Furthermore, technology because of the apex that powers the banking industry in Singapore. Unlike the worldwide phenomenon, where IT jobs are cut down by thousands, Singapore remains to be resilient to belittling the IT talent and keeps motivating them to make Singapore a better place.