Ninja Van cuts 5% of workforce in Singapore
newsare.net
SINGAPORE – Logistics technology company Ninja Van has laid off 5 per cent of its workforce in Singapore, it said on July 1, as the firm retools itself for its expansion into new logistics segments that was announced in April. There are about 450 staff basNinja Van cuts 5% of workforce in Singapore
SINGAPORE – Logistics technology company Ninja Van has laid off 5 per cent of its workforce in Singapore, it said on July 1, as the firm retools itself for its expansion into new logistics segments that was announced in April. There are about 450 staff based at its Singapore corporate headquarters in Kay Siang Road, near the Tanglin area, with those working in technology numbering over 100 in the Republic overall. A LinkedIn search shows over 4,500 people who reported currently working for Ninja Van, which operates in Singapore, Malaysia, Indonesia, Vietnam, the Philippines and Thailand. The firm also has a technology team based in Hyderabad, India. The latest round of layoffs follows an exercise on April 30 that cut about 10 per cent of its tech team and drew flak from the National Trades Union Congress for its timing – a day before May Day. The earlier exercise came after Ninja Van’s chief executive and co-founder Lai Chang Wen revealed in March that the company would put off plans for an initial public offering amid profitability challenges. Read more