Ninja Van slashes more tech roles in second round of layoffs
The latest cuts, among its junior roles in its Indonesia, Vietnam and Singapore offices, follow a round in April that had affected its tech division here
NINJA Van’s latest round of job cuts has mostly hit junior roles across its tech offices in Indonesia and Vietnam, as well as 5 per cent of junior tech roles in Singapore.
The logistics startup announced the cuts at a compulsory meeting called for tech staff on Monday (Jul 1). A source said that the headcounts in all tech departments were slashed; after the meeting, affected employees received calendar invites to be told the news.
This is the second round of layoffs, following an internal review, said a spokesperson for Ninja Van. “Unfortunately, despite our efforts to minimise impact, we were unable to avoid layoffs impacting 5 per cent of our colleagues in Singapore,” said the spokesperson.
This round of job cuts follows another one in April, where the company laid off about 10 per cent of its tech division. All affected employees in that round were based in Singapore.
Some of those who were not told to go have been moved into roles to support Ninja Van’s newly launched business units. The logistics startup has expanded into other logistics verticals such as cold chain and business-to-business restock under a diversification plan for long-term growth.
The affected employees received a month’s pay for every year of employment, with medical insurance and mental-health support extended till the end of the year; the deadline for exercising vested options has also been extended, from 30 days to a year for these employees.
Access to the company’s premises and chat platforms will also be extended to facilitate handovers and farewells. Job-placement support has been offered to those laid off, who will be on garden leave until their last working day, which Ninja Van did not disclose.
