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June 17, 2020

Grab Cuts 360 Employees In ‘Last Organisation-Wide Layoff’ This Year

Ride-hailing and payments firm Grab announced on Tuesday (Jun 16) that it has retrenched about 360 employees, or 5 per cent of its headcount, to cope with the impact of the COVID-19 outbreak.

In a note to employees, CEO and co-founder Anthony Tan said that this is Grab’s “last organisation-wide layoff” this year.

“Please know that we did not come to this decision lightly. We tried everything possible to avoid this but had to accept that the difficult cuts we are making today are required, because millions depend on us for a living in this new normal,” said Mr Tan.

 

source: https://www.channelnewsasia.com/news/singapore/covid19-grab-retrenches-5-per-cent-employees-severance-layoff-12839634

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