Regional super-app faces growing investor pressure to turn a profit
A Grab rider prepares to make a delivery. (Photo: Grab Thailand)
SINGAPORE: Grab Holdings Ltd is preparing its biggest round of layoffs since the pandemic, as the Singapore-based super-app faces stiffening competition in ride-hailing and meal delivery across Southeast Asia.
The reductions are set to be announced as soon as this week and are likely to surpass a 2020 round that shrank staff by 5%, or about 360 employees, according to people familiar with the matter. The final number is under discussion and could fluctuate as conditions change.
While Grab leads the region’s ride-hailing and delivery markets, it has yet to reach…
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