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Downturn strikes swift blow to startup employees
Database started on April 1 shows 800 jobseekers from the startup scene, but just 344 listed openings
Published Sun, Apr 19, 2020 · 09:50 PM
Singapore
THE startup scene is feeling the heat of the economic downturn as companies cut staff in an urgent bid to reduce cash burn.
A layoffs database started by venture capital (VC) firms in South-east Asia has swelled to about 800 people seeking new jobs over the span of just two and a half weeks.
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