Ride-hailing platform Grab has laid off about 360 employees, representing under 5 per cent of the company’s total workforce, citing the stark impact of COVID-19 on its business and the foreseen prolonged recession as a result of the pandemic.
In a note sent to employees Tuesday, Grab co-founder and CEO Anthony Tan announced that the company will be letting go of about 360 “Grabbers” following months of review and deliberation on how to tackle the “challenges of the post-pandemic economy”.
