RedDoorz cuts close to 50 staff in 'appraisal' exercise
Add BT as a preferred source
SINGAPORE-BASED budget hotel operator RedDoorz on Friday confirmed it has trimmed nearly 50 staff from its Indonesia office as part of a "periodic staff appraisal exercise" in February.
That amounts to around 8 per cent of its more than 600-strong Indonesian team.
Globally, the departed employees made up less than 5 per cent of the startup's total workforce. RedDoorz told The Business Times (BT) that the cuts were in line with usual HR practices.
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
