Grab undertakes regional layoffs, 360 staff affected

Ragananthini Vethasalam

A Grab rider in Pantai Dalam, Kuala Lumpur, recently. Touted as the most valuable start-up in Southeast Asia, Singapore-based Grab was last valued at US$14.3 billion. – The Malaysian Insight file pic, June 16, 2020.

GRAB Holdings Inc will let go more than 300 employees throughout the region, including Malaysia, in a bid to survive the fallout from the Covid-19 pandemic.

This will affect nearly 5% of its workforce, Grab CEO and co-founder Anthony Tan said in a note about layoffs to employees earlier today.

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