Zilingo cuts Singapore and global headcount, puts Singapore HQ up for rent
Claudia Chong
DeeperDive is a beta AI feature. Refer to full articles for the facts.
FASHION commerce and technology startup Zilingo has laid off 11 employees in Singapore as part of a 12 per cent global cut to its staffing, and put its Singapore office up for rent.
The company, which is backed by investors such as Temasek, EDBI and Sequoia Capital, had made under 5 per cent of its 796-strong workforce redundant in April, The Business Times reported then.
About 35 employees in Singapore were affected in the first wave; the second wave of 11 were told to go at the end of June, sources told BT.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance