As we reflect on the key events that shaped 2024, Vulcan Post takes a look back at the year that was. From entrepreneurs’ journeys to trends in Singapore, let’s revisit the stories that made an impact in 2024.
2024 started with a bang as the Land Transport Authority (LTA) announced the phasing out of EZ Link and NETS FlashPay cards in favor of the SimplyGo platform by June 1st. This decision was met with public backlash, leading to a quick reversal by LTA in response to commuters’ concerns.
In the tech and business world, layoffs were a common theme in 2024. Companies like Lazada, Amazon, and Google made significant staff reductions, impacting the local job market. Homegrown businesses like PropertyGuru Group and Stickies Bar also faced challenges, leading to layoffs and closures.
As employment trends shifted in Singapore, there was a growing interest in job-related news among readers. The tech industry saw a decline in funding and salaries, prompting a reevaluation of compensation trends. Articles highlighting career growth opportunities and in-demand careers resonated with readers navigating the job landscape.
A major IT disruption made headlines in July when the CrowdStrike IT outage affected millions of systems globally. In Singapore, the outage impacted various industries, including Changi Airport and local news outlets, showcasing the widespread disruptions caused by the incident.
As 2024 drew to a close, reports of layoffs and business closures continued to surface. Companies like Qoo10, Carousell, and Dyson implemented job cuts, while F&B and retail sectors saw closures like Little Caesars and Times Bookstore. The coworking industry also faced challenges, with players like WeWork consolidating office spaces.
Despite the tough business landscape, there were stories of resilience and innovation in 2024. Sea Limited celebrated its first profitable year since going public, while local brands like Vivre Activewear adapted their business models for sustainability. Some individuals even turned job loss into an opportunity to start their own businesses, showcasing resilience and creativity in the face of adversity.
As we look ahead to the new year, let’s remember that even in tough times, innovation and resilience can lead to new opportunities and growth.
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