Twice as many Hong Kong employers have laid off staff compared with their Singapore peers as Covid-19 eats into bottom line, surveys find

Twice as many Hong Kong employers have laid off staff compared with their Singaporean counterparts to cut costs during the Covid-19 pandemic, according to surveys conducted by Comptify Analytics.The results of the survey of 86 companies in Singapore, released last week, showed that just 8 per cent had resorted to terminating staff to protect their bottom line since the coronavirus outbreak. In Hong Kong, however, 16 per cent of the 140 companies surveyed late last month had made staff redundant…

from South China Morning Post https://www.scmp.com/business/companies/article/3085798/twice-many-hong-kong-employers-have-laid-staff-compared-their