Singapore-based troubled delivery startup Honestbee has laid off around 80 per cent of its staff or roughly 100 employees in the city-state as it comes under pressure of a capital crunch amid the ongoing COVID-19 outbreak.
The Business Times and Straits Times reported that the terminations were made Monday evening, affecting both foreign and local staff. Honestbee verified the job cuts, confirming that it made a strategic decision to reduce its staff count, particularly in non-core sectors such as its brick-and-mortar grocery store Habitat.
