SINGAPORE: Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.
The company was hiring for roles in data science, mapping technology and other specialised areas though every hire was a much bigger decision than it used to be, he said. As economies open up, food delivery demand is softening while ride-hailing has yet to fully recover. Tech valuations have also fallen dramatically and inflation, slower growth and rising interest rates have emerged as risks.and shut some overseas operations after parent Sea reported widening losses and scrapped its annual e-commerce forecast.
Last month, Grab said it was shutting dozens of so-called dark stores - distribution hubs for on-demand groceries and slowing the roll-out of its"cloud kitchen" centralised facilities for deliveries. It caught global attention in 2018 when it acquired Uber's Southeast Asian business after a costly five-year battle.
Overhasty remarks...