The Business Times
business-time-50
SUBSCRIBERS

honestbee lays off estimated 70-80% of staff amid pivot to pizza joint

google-preferred-sourceAdd BT as a preferred source
Sharanya Pillai

Sharanya Pillai

Published Mon, Mar 9, 2020 · 09:50 PM

    Singapore

    DISTRESSED startup honestbee has laid off about 104 employees out of its 130-strong headcount in Singapore, the firm said on Tuesday in response to queries from The Business Times (BT).

    Earlier on Tuesday, BT reported that the startup laid off about the bulk of its 60-odd headcount on Monday evening, with several sources estimating that between 70 per cent and 80 per cent of staff have been affected.

    honestbeeLayoffsTech layoffs

    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