Asia’s Uber equivalent – Grab – lets go of 1 in 20 staff

Grab, the ride-sharing service that did so well in South-East-Asia that Uber bought a chunk of it and fled, has announced layoffs. “From the moment we began navigating through this global health crisis, I hoped I would not have to send a note like this,” wrote founder and CEO Anthony Tan on Tuesday. “It is…

Asia’s Uber equivalent – Grab – lets go of 1 in 20 staff

Grab, the ride-sharing service that did so well in South-East-Asia that Uber bought a chunk of it and fled, has announced layoffs.
“From the moment we began navigating through this global health crisis, I hoped I would not have to send a note like this,” wrote founder and CEO Anthony Tan on Tuesday. “It is with heavy heart that I share with you today that we will be letting go about 360 Grabbers, or just under 5 percent of our employees.”
“We understand this news will cause anxiety and dread. Please know that we did not come to this decision lightly,” he added, but said the company “had to accept that the difficult cuts we are making today are required, b
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