The Business Times
business-time-50

Temasek-backed fashion startup Zilingo lays off about one-third of staff in Singapore

google-preferred-sourceAdd BT as a preferred source
Published Fri, Apr 17, 2020 · 09:50 PM

    Singapore

    TEMASEK-BACKED fashion e-commerce startup Zilingo confirmed late on Friday that it has made redundant less than 5 per cent of its 796-strong global workforce, as part of a "planned company-wide restructuring".

    About 35 staff in Singapore were affected, out of a total of 103 full-time employees, according to internal sources.

    Zilingo

    TRENDING NOW

    Justin Quek, CEO of OrangeTee and Deputy Group CEO of Realion Group (right), with Dr Tan Tee Khoon, head of KF Property Network.

    Knight Frank winds down real estate agency unit, agents to move to OrangeTee & Tie

    Despite its abundant gold reserves, Laos captures only a fraction of its value due to the absence of a domestic bullion ecosystem.

    Laos wants more control of its gold – by building the bullion market it never had

    Keppel says the divestment of six oil rigs will raise the company’s funds under management by around S$3.9 billion.

    Keppel to divest six oil rigs through new private fund for S$1.2 billion

    Keppel intends to monetise up to 10 oil rigs through a new private fund, starting with the divestment of six operational rigs for around S$1.2 billion.

    Stocks to watch: Keppel, FCT, Clas, KIT, ESR-Reit, Kore US Reit, Ever Glory, UIB Reit

    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