Future Tech
SoftBank-backed ride-hailing firm Grab set to announce layoffs, say sources
SINGAPORE: South-East Asian ride-hailing and payments firm Grab is set to announce layoffs on June 16, sources said.
Grab, South-East Asia’s most valuable startup that is backed by SoftBank Group Corp and was last valued at US$14bil flagged the layoffs at a townhall for staff, according to people with knowledge of the matter.
Grab is expected to cut 5% of its staff, or around 300 people, one source said.
The company did not immediately respond to a request for comment.
- Reuters
More articles on Future Tech
Disney claims agreeing to Disney+ terms waives man's right to sue over wife's death
Created by Tan KW | Aug 16, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
.png)
Apps
Top Articles
1
Mercury Securities Research
2
Koon Yew Yin's Blog
3
4
TA Sector Research
5
6
save malaysia!
7
TA Sector Research
8
CEO Morning Brief
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
