It has been slowing down lately. Tbh I don't think we have felt the full force of it yet. There have been a lot of job cuts in banks that traditionally hired a lot of Singaporeans, and now many who were playing musical chairs a few years back are now fearing that the music has stopped and they would be left without a chair.

We have seen an increase in number of people contacting us to keep a lookout for opportunities, but it is quite difficult at the moment as many are unwilling to take a paycut and many were previously hired on packages that might not be reflective of their experience at that point in time.

There is still a lot of uncertainty at the moment, but hopefully we will have more clarity going forward. I think whether a person would feel the brunt of the tough market would be dependent on what is his position/grade at a company. Fresh grad/mid-levels/junior/senior would probably see this slowdown differently.