Don't you bother to read the newspapers? You should try. Lot's of companies are currently over quotas because 1.5 years ago, certain quotas percentages were reduced (actually several times over the past three years. Good example is the service industry. It used to be 50% of the total workforce of the company. Then 45% -> 40% -> 25% and currently it's been reduced to 15%. Obviously they don't want companies to not have the staff needed so they have given ample time to reduce their workforce or replace the foreigners with local hires. So, what has been done is they have been giving a year to reduce the FTs but instead of telling you the get rid of them, what they are doing is rejecting renewals until such time as the company is back within their given quota. This means a number of companies (like mine for instance) has been over quota for 3 years now as they keep reducing the quota and rejecting renewals. Sucks, but there you go. Try getting a local to carry a Mosquito Fogging gun around all day long in 34C heat. Won't happen. So, we just pray the people and ministers responsible for cutting our quotas, are stricken with Dengue as we cannot completely cover our contracts anymore due to the inability to acquire and keep staff. If the powers that be, are infected with dengue, maybe they will see the problem a bit more clearer.
All companies are being warned. There are quotas within quotas. You have a WP/S pass overall quota but there are subquotas for both PRCs and S pass holder within the overall quota, thereby reducing the number of, say, malaysians you can hire. Takes a bit of juggling as the quotas are computed on the previous 3 months employment records as recorded by CPF (locals) and MOM (levies).