TransportationSG

Grab Layoffs

June 2020

Grab announced a layoff affecting 360 employees (5% of its workforce) in June 2020. The company operates in the Transportation sector.

People Affected

360

Percentage

Announced Date

Jun 16, 2020

About

Grab, Southeast Asia's leading ride-hailing startup, laid off 360 employees last week, representing about 5% of its workforce. The cuts, affecting multiple departments primarily in Singapore and Indonesia, are part of a strategic shift to sunset non-core projects and refocus resources on its growing delivery business. This move aligns with broader trends in the ride-hailing industry, following similar staff reductions by global peers like Uber and Lyft. The company is providing comprehensive transition support to affected employees, including severance pay, extended health insurance, and outplacement assistance.