Workers financially unprepared for layoffs amidst rising automation

Submitted By:  Shaina Teope Case Study:  No About 34% of employees are unable to cover expenses should they get fired. Singapore’s workforce seems to be unprepared financially should they be replaced or laid off due to increased automation in the workplace, with 34% of workers unable to cover three months of expenses with their savings if they lost their main source of income, according to a report by PayPal. Meanwhile, only 23% of those in jobs with low risk of automation expressed difficulty covering expenses. read more