Reuters reveals Grab to implement cost cuts, cites uncertain macroeconomic situation - Reuters News Agency
Business & Finance

Reuters reveals Grab to implement cost cuts, cites uncertain macroeconomic situation

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. 
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: Malaysia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Grab
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