Grab Plans Largest Round of Job Cuts Since Pandemic, Bloomberg Reports
--Southeast Asia-focused tech company Grab Holdings is planning its biggest round of layoffs since the pandemic, Bloomberg reports.
--The layoffs could be announced as soon as this week and are likely to surpass a 2020 round that cut staff numbers by 5.0%, or around 360 employees, Bloomberg says, citing people familiar with the matter.
Full story: bloom.bg/3CAvk0S
Write to Yi Wei Wong at yiwei.wong@wsj.com
(END) Dow Jones Newswires
June 20, 2023 03:49 ET (07:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Q3 2024 Stock Market Outlook: Is the AI Stock Trade Over?
-
Ian Bremmer: 4 Big Geopolitical Risks to Watch
-
What’s Happening In the Markets This Week
-
Obesity Drug Stocks: Why It Will Be ‘Exceptionally Difficult’ to Dethrone Eli Lilly and Novo Nordisk
-
What Does Chipotle’s Stock Split Mean for Investors?
-
5 Stocks to Buy Before the Fed Cuts Interest Rates in 2024
-
Markets Brief: Inflation Is Back In the Spotlight
-
What a Strong Economy Now Means for the Rest of 2024
-
10 Top Dividend Stocks for 2024
-
Finding Small-Cap Stock Opportunities In a Big-Cap World
-
The 10 Best Companies to Invest in Now
-
Nike Earnings: Dim Sales Outlook Slams Shares, but Patient Investors Could Be Rewarded
-
2 Top E-Commerce Stock Picks
-
Our Top Pick for Investing in US Renewable Energy
-
Micron Earnings: We Raise Our DRAM Forecast and Valuation Behind Stronger Pricing Assumptions
-
10 Undervalued Wide-Moat Stocks