Stock Market News
Singapore’s Grab plans biggest round of job cuts since pandemic – Bloomberg News
2023.06.20 01:56
© Reuters. A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga/FILE PHOTO
(Reuters) – Singapore-based Grab Holdings is preparing its biggest round of layoffs since the pandemic, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The reductions are set to be announced as soon as this week and are likely to surpass a 2020 round that shrank staff by 5%, or about 360 employees, the report added.
