The coronavirus pandemic has caused demand for rides-hailing to plummet by double-digit rates around the world. In Southeast Asia, two decacorns — Grab and Gojek — have faced tremendous pressure to stay afloat during the crisis.
In June, Grab laid off about 360 employees, citing the stark impact of COVID-19 on its businesses and the foreseen prolonged recession. Meanwhile, Gojek terminated about 430 employees.
