Foodpanda Lays Off Over 60 Singapore Employees in Bid To Keep Operations Profitable
Food and grocery delivery platform Foodpanda has laid off a number of its Singapore employees in a bid to reduce operating costs and maintain profitability.
According to The Straits Times, about five percent of the company's 1,200 staff in the country have been let go, equating to about 60 employees. The job cuts don't end there, however, with the company said to be planning to downsize in other regions as well. It reportedly plans to also axe up to 150 employees in the Philippines, along with more job cuts in Thailand.