cost-cutting measures


Grab axes 360 employees in latest cost cutting measure, says this will be 'last organization-wide layoff' for the year

In a letter to employees on Tuesday morning, Grab CEO Anthony Tan said that it has become clear that the pandemic will likely result in a prolonged recession, and Grab has to brace for what may be a long recovery period.

Aviation & Engineering

Second pay cut in one month for SIA Engineering management as company scrambles to tighten costs

In light of the worsening situation, the SIAEC Board has also volunteered a deeper reduction of 25% in fees accruing with effect from Apr 1 in solidarity with its management and staff.