StarHub axing 10% of staff amid telco industry woes
Annabeth Leow
Singapore
TELCO StarHub is sending more than one-tenth of its staff to the chopping block, with its recently-appointed chief executive saying that the move was necessary as part of a strategic transformation amid "current industry pressures".
About 300 full-time employees are being let go, StarHub confirmed in a statement on Wednesday evening, while other roles will be dropped by "ongoing natural attrition" and a clampdown on contractor positions.
TRENDING NOW
Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations
Jacintha and Dick Lee revisit love – but remain guarded
‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge
‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association