SINGAPORE (May 22): Big-name start-ups such as Grab and Uber have been forced to cut jobs as they come under strain following the Covid-19 outbreak. SMEs operating on a much smaller scale are suffering too. Their weak cash flow and relative lack of economies of scale make it difficult for them to withstand exogenous shocks. This includes loss-making early-stage startups — an open letter to UK Prime Minister Boris Johnson, warning that Britain could “lose a generation of start-ups and high-growth businesses to Covid-19”, has gathered at least 5,000 signatories. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply