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E-commerce aggregator iPrice cuts 20% of staff amid looming downturn

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Claudia Chong

Claudia Chong

Published Thu, Jun 9, 2022 · 05:03 PM
    • (from left) iPrice CEO Paul Brown-Kenyon; co-founder and executive vice-chairman David Chmelar; and co-founder, chief technology officer and chief product officer Heinrich Wendel.
    • (from left) iPrice CEO Paul Brown-Kenyon; co-founder and executive vice-chairman David Chmelar; and co-founder, chief technology officer and chief product officer Heinrich Wendel. IPRICE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MALAYSIA-BASED iPrice Group is laying off 20 per cent of its approximately 250 employees as it faces mounting economic uncertainty.

    The cuts will impact business units developing new initiatives. iPrice operates in 7 countries - Malaysia, Singapore, Indonesia, Thailand, Philippines, Vietnam and Hong Kong.

    The startup’s core platform helps shoppers compare prices, promotions and discounts across thousands of sellers and various online marketplaces.

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