SUBSCRIBERS

Downturn strikes swift blow to startup employees

Database started on April 1 shows 800 jobseekers from the startup scene, but just 344 listed openings

Claudia Chong
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.

    Copyright SPH Media. All rights reserved.