Grab’s mega layoffs send chill over company, but analysts upbeat on direction

THE mood was sombre on Wednesday morning (Jun 21) as Grab employees – survivors of its mass layoffs – logged into a virtual company-wide town hall.

At the top of their minds was a question bugging them since the night before, when their chief executive Anthony Tan announced Grab was letting over 1,000 people go: will there be a second wave of retrenchments?

Tan avoided giving a straight answer, said one source who was present at the meeting.