Bloomberg News reports that Grab, Singapore’s ride-hailing giant, intends to initiate its largest wave of job cuts since the onset of the pandemic.

by
Bloomberg News reports that Grab, Singapore’s ride-hailing giant, intends to initiate its largest wave of job cuts since the onset of the pandemic.
Bloomberg News reports that Grab, Singapore’s ride-hailing giant, intends to initiate its largest wave of job cuts since the onset of the pandemic.

Singapore-based Grab Holdings is preparing for its largest round of layoffs since the start of the pandemic, according to a report by Bloomberg News.

The layoffs are expected to be announced this week and are likely to exceed the staff reductions of 5% (360 employees) that occurred in 2020.

A Grab spokesperson did not immediately respond to a request for comment. However, two anonymous sources within the company stated that they were not aware of any planned job cuts.

Grab, Southeast Asia’s leading ride-hailing and food delivery app, had previously forecasted a positive revenue for 2023 and moved up its timeline for achieving profitability.



Your subscription was unable to be saved. Please try again.



Your subscription has been successful.


Read Next

Don’t miss out on the latest news and information.

Subscribe to INQUIRER PLUS to gain access to The Philippine Daily Inquirer & over 70 other titles, share up to 5 devices, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.