In the recent months, there have been more news about corporate laying off staffs due to the worsening of the global economy. Most of us won't feel it unless it happens to you or someone you know. Few weeks ago, I received a phone call from 2 ex-colleagues, and both of them had been retrenched as the unit closed it's Singapore operation. However, they should be able to tide over this difficult period as they have been prudent and without major debts, apart from daily family expenses.(which the payout should be able to last for sometime). Nevertheless, I feel for them as few years back, I was layoff due to organisation restructuring.  In the new year, there will be more job lost coming as Singapore has many MNCs, and once the revenue target is not met, the axe will come. Not a good way to start the new year, ......