Grab Announces Layoffs, Streamlines Operations Amidst COVID-19 Challenges
Singapore’s prominent ride-hailing company, Grab, has recently announced a significant workforce reduction, affecting more than 1,100 employees. This decision reflects the evolving dynamics of the ride-hailing industry and Grab’s strategic adjustments to remain competitive and sustainable in a rapidly changing market. The restructuring efforts undertaken by Grab aim to optimize operations, streamline costs, and enhance organizational efficiency. As part of …