Tag Archives: layoffs

Malaysia Grapples with a 47% Surge in Layoffs During Q1 2026 Amidst Global Economic Headwinds

April 16, 2026 0

The Malaysian economy witnessed a significant escalation in job retrenchments during the first quarter of 2026, with 24,100 workers losing their employment, marking a substantial 47% increase compared to the same period in the previous year. This concerning trend, predominantly affecting sectors heavily reliant on global economic conditions and concentrated in key economic hubs, has ignited anxieties regarding the stability …

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