Company says layoffs are part of broader restructuring, unrelated to prior incidents or whistleblowing cases
Singapore Post (SingPost) has announced that it will be laying off 45 employees as part of a restructuring initiative aimed at streamlining its operations. The affected positions are mainly within the corporate support units, with a few from the international business division, according to a company spokesperson.
The decision follows efforts to redeploy employees to other roles within the company, but SingPost stated that it had exhausted all options to avoid the redundancies. The restructuring aims to “right-size” the company and decentralise corporate functions, allowing the business units to operate with greater efficiency and agility by eliminating duplications in roles.
SingPost explained that the restructuring was prompted by “ongoing macroeconomic challenges,” particularly heightened competition in the market. However, the company stressed that the layoffs are not connected to previous whistleblowing cases or internal incidents.
A spokesperson clarified, “This restructuring exercise is not linked to any past whistleblower reports or incidents.” Affected employees will be provided with outplacement support and counselling services to aid in their transition.
The restructuring marks a significant shift for SingPost, which has been grappling with intense competition and other macroeconomic pressures. Despite these challenges, the company emphasised its commitment to safeguarding the sustainability of its operations while carefully managing the redundancy process.
This announcement follows the firing of three senior executives in December 2024. SingPost had dismissed its group CEO, CFO, and the head of its international business unit after an investigation into a whistleblowing report revealed “grossly negligent” behaviour in handling internal investigations. However, the company clarified that this restructuring decision was independent of those earlier actions.
SingPost is currently in the process of appointing a new group CEO, while the CFO role is temporarily held by Isaac Mah, CFO of SingPost’s Australian business, and Gan Heng is acting as CEO of the international business division.
