Reuters was first to report Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s CEO told staff in a memo. The measures include a freeze on most hiring, salary freezes for senior managers and cuts in travel and expense budgets.
The post Reuters reveals Grab to implement cost cuts, cites uncertain macroeconomic situation appeared first on Reuters News Agency.
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