Official Grab layoff list released following 360-person layoff

🌎 Singapore, Indonesia ∙ 👩 360 employees (5%) ∙ 🖥 Multiple departments

Grab, the largest ride-hailing startup in Southeast Asia, laid off 360 employees last week. Grab is the latest in the category to cut staff, following layoffs at Uber (U.S.), Lyft (U.S.), Ola (India), and Careem (Middle East). Grab mentioned it would be sunsetting non-core projects and redeploying staff to focus on its delivery business.

Grab is offering laid-off employees a host of transition benefits, including severance pay of 1.5 months plus half a month for every 6 months of service, health insurance coverage through the end of 2020, waiver of the annual cliff on equity vesting, and outplacement support from the company’s Talent Acquisition team.

The company also created a Grab Talent Directory that launched today (see link 👇). The Grab layoff list features nearly 100 ex-employees, mostly in Singapore and Indonesia.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.