Fintech startup GoBear axes 22 staff, including six in Singapore
Fiona Lam
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
GOBEAR has laid off 22 staff across its offices in Singapore, Vietnam, Ukraine and the Philippines, as a result of the "ongoing impact" of the Covid-19 pandemic on its business.
This came shortly after its new chief financial officer (CFO) Kent Huang joined the Singapore-headquartered financial services platform, although The Business Times (BT) understands that his appointment was not related to the retrenchment exercise.
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