Business & Finance

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

15 December 2022, 6:23 pm 1 minute

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

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