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Grab’s mega layoffs send chill over company, but analysts upbeat on direction

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Claudia Chong ,

Benjamin Cher ,

Wu Xinyi &

Bernadette Toh

Published Wed, Jun 21, 2023 · 11:01 PM
    • Grab's latest round of retrenchment has cast a pall over those left behind, while those who lost their jobs have seen the community rally around them, some with job offers.
    • Grab's latest round of retrenchment has cast a pall over those left behind, while those who lost their jobs have seen the community rally around them, some with job offers. PHOTO: BT FILE

    THE mood was sombre on Wednesday morning (Jun 21) as Grab employees – survivors of its mass layoffs – logged into a virtual company-wide town hall.

    At the top of their minds was a question bugging them since the night before, when their chief executive Anthony Tan announced Grab was letting over 1,000 people go: will there be a second wave of retrenchments?

    Tan avoided giving a straight answer, said one source who was present at the meeting.

    GrabTech layoffs

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