Grab Turned Down in Morning Trading After Planning the Biggest Round of Job Cuts Since the Pandemic

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Grab Turned Down in Morning Trading After Planning the Biggest Round of Job Cuts Since the Pandemic

Tiger Newspress2023-06-20

Grab Holdings turned down in morning trading after planning the biggest round of job cuts since the pandemic.

It is preparing its biggest round of layoffs since the 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.

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