Grab to cut 360 jobs due to coronavirus impact on business

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Grab CEO Anthony Tan explains 'the pandemic will likely result in a prolonged recession and we have to prepare for what may be a long recovery period.'

GRAB. A woman walks past the Grab transport office in Singapore on September 24, 2018. File photo by Roslan Rahman/AFP

"Over the past few months, we reviewed all costs, cut back on discretionary spending, and implemented pay cuts for senior management. In spite of all this, we recognize that we still have to become leaner as an organization in order to tackle the challenges of the post-pandemic economy," he added. To save more jobs, Grab also refocused its efforts on redeploying Grabbers"to meet the increased customer demand for deliveries."

 

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