CapitaLand Investment cuts 90 Singapore jobs amid restructuring
The restructuring signals strategic realignment despite stronger earnings and could support capital reallocation as CLI considers divesting a stake in The Ascott Limited.
CapitaLand Investment retrenched 90 Singapore employees, about 4% of its local workforce, despite reporting a 13.9% year-on-year rise in 1HFY2026 net profit.
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CapitaLand Investment (CLI) has retrenched 90 employees in Singapore in 2026, equivalent to about 4% of its local workforce, as part of a restructuring exercise.
The Singapore-listed real asset manager has about 2,200 employees in Singapore. It said it periodically reviews its organisational structure to ensure that it remains aligned with its strategic priorities and long-term business needs.
CLI said the organisational changes are intended to support its business and operating requirements. It did not disclose which business functions were affected by the job cuts.
Read also: CapitaLand Investment operating profit up 13%, may unlock $7–$9 bil value from non-core assets
In a joint statement on Sept 3, CLI and the Singapore Industrial and Services Employees’ Union (SISEU) said affected employees will receive fair severance arrangements, career transition services and counselling support. CLI will also consider redeployment opportunities within the group where appropriate.
SISEU, an affiliate of the National Trades Union Congress, was informed in advance of the restructuring and has been engaging CLI throughout the exercise. The union said it has been representing workers’ interests, ensuring affected employees are treated fairly and that severance packages comply with the collective agreement.
Affected Singaporeans and permanent residents can also tap NTUC’s Employment and Employability Institute (e2i) for job matching, career coaching and skills upgrading advice. Eligible union members can access the Union Training Assistance Programme to offset training costs and subscriptions to eligible artificial intelligence tools.
The restructuring comes after CLI reported a 13.9% y-o-y increase in net profit to $327 million for 1HFY2026 ended June, from $287 million a year earlier.
Separately, group CEO Lee Chee Koon said at its Aug 13 results briefing that CLI was considering divesting a stake in its hospitality business, The Ascott Limited, as part of efforts to accelerate its growth.