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Grab prepare for job cuts

This could be the biggest round of job cuts since the pandemic

According to Bloomberg News, Singapore-based Grab Holdings is preparing for its largest round of layoffs since the pandemic, which, in, 2020 saw 5% of overall staff losing their jobs. This set of layoffs is expected to be even larger. 

Although Grab declined to speak to Bloomberg News on the matter, the news outlet said that the cuts looked likely given its latest profitability figures.