The Business Times
business-time-50
SUBSCRIBERS

Deliveroo cuts staff, Grab pushing no-pay leave to slash costs

Deliveroo axes a quarter of Singapore staff; Grab asks staff to take no-pay leave

google-preferred-sourceAdd BT as a preferred source
Claudia Chong

Claudia Chong

Published Thu, Apr 30, 2020 · 09:50 PM

    Singapore

    TECH firms Deliveroo and Grab are trimming costs by cutting staff and getting workers to go on no-pay leave, as the novel coronavirus outbreak continues to batter their businesses.

    Deliveroo is laying off a quarter of its employees in Singapore amid the downturn. This comes after its general manager in Singapore, Siddharth Shanker, left the company to pursue other opportunities; The Business Times (BT) understands his departure is unrelated to Covid-19.

    DeliverooGrabTech layoffsCovid-19

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Shoppers in Myeong-dong in Seoul. Tourists in the Asean+3 bloc (comprising Asean's 11 member states and China, Japan and South Korea) increasingly do not carry cash, nor do they need to change currency for their trips.

    Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead

    A wind farm in South Sulawesi. Indonesia could deliver around 3 gigawatts of renewable energy capacity to Singapore.

    Indonesia targets year-end start for US$30 billion clean power exports to Singapore

    The benchmark Straits Times Index is up 3.23 points at finish at 4,946.

    Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More