Singapore’s Grab plans biggest round of job cuts since pandemic

The reductions are set to be announced as soon as this week and are likely to surpass a 2020 round that shrank staff by 5%, or about 360 employees, according to people familiar with the matter. — AZHAR MAHFOF/The Star

Grab Holdings Ltd is preparing its biggest round of layoffs since the pandemic, as the Internet company faces stiffening competition in ride-hailing and meal delivery across South-East Asia.

The reductions are set to be announced as soon as this week and are likely to surpass a 2020 round that shrank staff by 5%, or about 360 employees, according to people familiar with the matter. The final number is under discussion and could fluctuate as conditions change.