The company declined to comment on the estimated workforce reduction in the Singapore office, and the number of employees based there.
Tripadvisor will be offering transition packages to retrenched staff, including severance pay and outplacement support. In the US and Canada, it will also provide health insurance continuation for a period of time."I’ve been in awe, watching you all work day and night to ensure travellers and our travel partners receive the high level of service expected of our brand as teams remain virtually connected and productive," Mr Kaufer told staff in his letter.
"But sometimes, the most valiant of efforts aren’t enough to counter outside circumstances and, as a public company, it is our responsibility to adjust, adapt and evolve to the environment that surrounds us." The Covid-19 outbreak has dealt a swift blow to the economy, with the deepest cuts borne by businesses in the travel and retail sectors. Firms quickly turned to axeing staff as the flight to conserve cash began.reported that Indonesian unicorn Traveloka's Singapore office was hit by layoffs, and SoftBank-backed travel booking startup Klook is implementing staff cuts and furloughs that will impact up to 20 per cent of workforce.
Meanwhile, Grab founder Anthony Tan has sounded a grave note of caution as the effects of the outbreak wear the company down. The firm, still loss-making, will have to reduce costs, manage capital efficiently and make the"necessary operational adjustments" in order to weather the storm, Mr Tan told investors.
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