“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 Tan in the note.
SINGAPORE (June 16): Ride-hailing giant Grab will be laying off 360 employees today, or about 5% of its workforce, as the company scrambles to “become leaner as an organization” amid the Covid-19 pandemic.
In a letter to employees on Tuesday morning, Grab CEO Anthony Tan said that it has become clear that the pandemic will likely result in a prolonged recession, and Grab has to brace for what may be a long recovery period.
