- Not long after quarterly retrenchment figures peaked during the Covid-19 pandemic, the number of layoffs here is on the rise again
- As some firms have made multiple rounds of job cuts in less than three years, retrenchments among youths are also going up
- Analysts and economists said this is a function of employers being more dynamic in responding to business challenges and the composition of workers in the affected industries
- A key figure to look at instead is the rate in which displaced workers are re-entering the workforce, and younger employees are getting reemployed faster than older ones
- Some young workers who were recently retrenched share with TODAY the emotional turmoil they went through and how they tried to get back into employment
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