Grab Plans Largest Round of Job Cuts Since Pandemic, Bloomberg Reports
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Dow Jones
--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.-
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