JSS kept premium gifts brand Risis afloat so it could pivot to e-commerce, rebrand
Singapore
JEWELLERY and premium gifts brand Risis has cut its staff strength from 87 at the start of the pandemic to just 49 as of March 2022, due to Covid-19's devastating impact on sales. But without Jobs Support Scheme (JSS) payouts, the cuts might have been even deeper.
"Some (staff) were let go, while others (left) due to natural attrition and we did not replace them as they were not key positions," said chief executive officer Verene Ng.
TRENDING NOW
World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028
Is stamp collecting enjoying an analogue revival or are its best days over?
GovTech retrenches another 38 staff in second round of layoffs
MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold