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Online lending startup Oriente cuts over 25% of team

Firm took 'staggered approach' to laying off its staff, starting in Q4 2019

    Published Fri, Aug 14, 2020 · 09:50 PM

    Singapore

    ONLINE lending startup Oriente on Friday confirmed that it laid off under 100 employees in June in a reduction exercise undertaken in batches from the fourth quarter of 2019.

    In total, the company laid off slightly more than a quarter of its more-than-2,000-strong workforce, among which three employees were from Singapore. The reductions were made across all its offices in the Philippines, Indonesia, Vietnam, Singapore, Hong Kong, Shanghai and Taiwan.

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