Posted by UlarSawa > 2023-06-20 22:59 |

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Posted by UlarSawa > 2023-06-20 23:00 |

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Posted by UlarSawa > 2023-06-20 23:02 |

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Posted by qqq47660 > 2023-06-20 23:07 | Report Abuse

always like that...look at tesla, nvidia........... what ever happens today, both are green. ...compared to $ 10 share which is so difficult to predict.

they say capitalism is rich getting richer.....there is a reason for it.

Posted by UlarSawa > 2023-06-20 23:10 |

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Posted by UlarSawa > 2023-06-20 23:11 |

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Posted by qqq47660 > 2023-06-20 23:13 | Report Abuse

tesla will be 300 soon, then u can say Goddess sold too early.

Posted by UlarSawa > 2023-06-20 23:13 | Report Abuse

SINGAPORE, June 20 (Reuters) - Singapore-based Grab Holdings GRAB.O, Southeast Asia's leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long term.

In a letter sent to employees late on Tuesday and seen by Reuters, chief executive Anthony Tan said the cuts, the biggest since the start of the pandemic, were not "a shortcut to profitability" but a strategic reorganisation to adapt to the business environment.

Posted by UlarSawa > 2023-06-20 23:15 | Report Abuse

Change has never been this fast. Technology such as generative AI (artificial intelligence) is evolving at breakneck speed. The cost of capital has gone up, directly impacting the competitive landscape," Tan said in the letter.

"We must combine our scale with nimble execution and cost leadership, so that we can sustainably offer even more affordable services and deepen our penetration of the masses."

Tan said that even without layoffs, Grab had managed costs and should hit its target for group adjusted EBITDA breakeven this year.

The "superapp", founded in 2012, offers deliveries, rides and financial services in eight Southeast Asian countries, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Posted by qqq47660 > 2023-06-20 23:16 | Report Abuse

there must be a significant difference before u can say people cut win too early.

Posted by qqq47660 > 2023-06-20 23:19 | Report Abuse

1,000 jobs or 11% of its workforce, ..why Grab need 10,000 work force? ( excluding drivers)

Posted by qqq47660 > 2023-06-20 23:20 | Report Abuse

my estimation Grab needs 1000- 2000 staff max.

Posted by UlarSawa > 2023-06-20 23:31 |

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Posted by qqq47660 > 2023-06-20 23:41 | Report Abuse

Grab should relocate to KL to cut cost.

Posted by qqq47660 > 2023-06-20 23:42 | Report Abuse

10,000 staff...no wonder rental in Singapore went up so much in recent years.

Posted by DickyMe > 2023-06-20 23:57 | Report Abuse

Grab is a broker app like real estate parasite agents. What cost is Tan talking about except for paying salary and upgrading app.

Posted by qqq47660 > 2023-06-21 00:32 | Report Abuse

Grab does not look so smart to me

Posted by qqq47660 > 2023-06-21 00:33 | Report Abuse

Cut 1000 staff is an improvement

Posted by DickyMe > 2023-06-21 00:40 | Report Abuse

Improvement on profit

Posted by UlarSawa > 2023-06-21 08:23 |

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Posted by UlarSawa > 2023-06-21 08:27 |

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Posted by UlarSawa > 2023-06-21 08:30 |

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Posted by bingoman > 2023-06-21 08:34 | Report Abuse

Ular so early, no need sleep

Posted by UlarSawa > 2023-06-21 08:35 |

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Posted by UlarSawa > 2023-06-21 08:36 |

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Posted by qqq47660 > 2023-06-21 08:55 | Report Abuse

Past is past...time for grab to relocate to malaysia

Posted by qqq47660 > 2023-06-21 08:56 | Report Abuse

With 9000 staff in Singapore, no wonder office rents in Singapore also record high

Posted by qqq47660 > 2023-06-21 08:57 | Report Abuse

Tesla 275....only 25 to 300..
Maybe tonite Tesla 300. Ev god says end of the year

Posted by qqq47660 > 2023-06-21 08:58 | Report Abuse

U see market always move faster than people think especially companies on S curve

Posted by qqq47660 > 2023-06-21 08:59 | Report Abuse

Ular remember the lesson..

It's the S curve

Posted by qqq47660 > 2023-06-21 09:01 | Report Abuse

If grab want to be s curve move to Malaysia

Posted by UlarSawa > 2023-06-21 09:03 |

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Posted by qqq47660 > 2023-06-21 09:22 | Report Abuse

Grab fixed costs, staff and office space can be reduced by 80% if they move to KL.

Posted by Income > 2023-06-21 09:25 | Report Abuse

Moving to southern Thailand even cheaper.
No ending to cutting costs.
Must be reasonable in cutting costs.

Posted by qqq47660 > Jun 21, 2023 9:22 AM | Report Abuse

Grab fixed costs, staff and office space can be reduced by 80% if they move to KL.

Posted by UlarSawa > 2023-06-21 09:50 |

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Posted by UlarSawa > 2023-06-21 09:51 |

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Posted by UlarSawa > 2023-06-21 09:52 |

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Posted by qqq47660 > 2023-06-21 11:05 | Report Abuse

The cost difference between Singapore is too big....there are MNC who transfer a part of the operations to KL to save money

Posted by i3lurker > 2023-06-21 11:07 | Report Abuse

Cost is cheapest in Somalia, Afghanistan and North Korea.

Posted by UlarSawa > 2023-06-21 11:21 |

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Posted by UlarSawa > 2023-06-21 11:22 |

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Posted by qqq47660 > 2023-06-21 11:27 | Report Abuse

Lurk is here..u know Tesla is 275 already ..malu la this lurk

Posted by qqq47660 > 2023-06-21 11:28 | Report Abuse

Tesla 300 even more malu for lurk

Posted by qqq47660 > 2023-06-21 11:29 | Report Abuse

Thank god I got ev god

No EV god, I would not have bought Tesla.

Posted by i3lurker > 2023-06-21 11:35 | Report Abuse

Tesla is a Tulip
so look at Tulip price. so USD100,000.00 per stock wun be surprising at all.

look at Repco Low stock price more than RM140.00

Posted by qqq47660 > 2023-06-21 11:45 | Report Abuse

Make money is king...the test is in the results

Posted by qqq47660 > 2023-06-21 11:47 | Report Abuse

Some more Tesla is a giant not a penny stock

Posted by qqq47660 > 2023-06-21 11:56 | Report Abuse

I don't simply recognise everyone as ev God

Posted by qqq47660 > 2023-06-21 13:06 | Report Abuse

stock market is always about balance.

make money when time to make money
stay away when time to stay away.

if like lurker, can make money meh?

Posted by Income > 2023-06-21 13:38 | Report Abuse

Qqq, you look successful. I can feel your success. Good job.
Only thing I hate = BTO= Sifut yang boastful.