SINGAPORE -- Southeast Asia's most valuable startup Grab will slash 5% of its global staff amid a collapse in demand for its core ride-hailing business triggered by the coronavirus pandemic and as recovery prospects remain uncertain.
The first round of layoffs in eight year history, the Singapore-based startup said Tuesday that it will be letting go 360 people out of 7,000 staff globally.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
