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Grab to Cut 5% of Employees in Another Setback for SoftBank


The_King

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Grab Holdings Inc., the leading ride-hailing company in Southeast Asia, said it will cut 360 employees, or just under 5% of its total, as it reduces expenses to deal with an economic downturn and slow recovery from the coronavirus pandemic.

Chief Executive Officer Anthony Tan said the virus has had a broad impact on businesses and the economy, and it is taking steps to adjust to the challenges. In addition to the job cuts, the Singapore-based company plans to eliminate some non-core projects, consolidate functions and reallocate staff to newer initiatives, like delivery.

 

to read more pay money la https://www.bloomberg.com/news/articles/2020-06-16/grab-to-cut-5-of-employees-in-another-setback-for-softbank

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