Grab slashes 1,000 jobs in biggest round of job cuts since pandemic

Singapore-based ride-hailing and food delivery company Grab is laying off around 1,000 employees, or approximately 11 per cent of its workforce, news agencies reported on Wednesday. Grab CEO Anthony Tan said the decision to cut 1,000 jobs was a “painful but necessary step”.

Describing the layoffs as part of major changes to the firm’s operating model, Tan said that the layoffs were not a “shortcut to profitability”.

“Over the past couple of years we’ve been consistent in managing costs tightly in all areas of our operations and on improving platform efficiency,” he added. The firm did not reveal which roles are being cut.