end of 2018 is the end of the good times in ST as many benefits are taken away for new joiners.

stock options, national day bonus and aws taken away from new joiners with no progression and no more stability since the last retrenchment exercise, no wonder younglings are not willing to stay

Agreed with no progression. Alot of young engineers are condemned due to top heavy management structure. Lots of M4 and above are hogging on to their positions with little contribution to the company, mostly waiting for retirement. Some retired are even on contract based. Moreover, opportunities are often given to scholars, (Refer to their LinkedIn page), even harder for farmers to progress.

Don't talk about top heavy management structure. Even in engineering teams, many of the old timers (15-20 years in ST) are M2s and they make up bulk of the team. So say a team of 10 engineers, 3 M2s, 3 M1s, 1 E6 and 3 E5s. I can only wonder how long it will take the E5s to go E6 and E6 to go M1 when the M2s and M1s are stuck there.

Don't forget to mention AWS and the almost non-existent pay increments.

When old timers are enjoying all the benefits and not budging and the new or converted staff who knew about their benefits are almost none but they are doing the same or even more work, most people will definitely leave for greener pastures.

It's easy to see. Those who joined as perm staff with all the benefits will definitely stay (way) longer than new perm staff without all the benefits.

Grass always greener on the other side la.
My RO old timer perm staff M2. He say his increment every year is like 80 dollars that kind of figures. And he say he interview so many new candidate see their resume all asking pay 5k +++.

He feels his pay not even market rate. He say the pay is less cause got extra leave. stock etc. HR all calculate and factor this in... They don't give beneft + high pay.

He say new staff the pay high but less benefit. He ask me do I want extra 2 annual leave or extra 300 dollars?

Anyone know whats happening in ST Engineering as a whole? Is the retrenchment exercise over? I heard the situation in ST is not promising.

now the whole world in disarray. why u think ST engineering is safe? not promising? join another company. same issue and problem.
now everyone hunkering down. trying to keep their job.

Pay cut across the board until next year. No bonus.
If you have option outside better go. There is no prospect for 1 to 2 years to come

how much is the pay cut?