Ninja Van Cuts 12% of Singapore Workforce in Latest Round of Layoffs
Ninja Van plans to raise US$80 million amid a halved valuation, with layoffs including 10% of its tech team and extended employee benefits through 2025.
4 Articles
4 Articles
After 2 rounds of layoffs in 2024, Ninja Van axes another 12% of its S’pore employees
Logistics provider Ninja Van has laid off about 12% of its Singapore workforce yesterday (August 12) in its latest round of job cuts. The company previously conducted layoffs in April and July 2024, which affected both its regional tech team and Singapore-based staff. According to CNA, the retrenchments were “not made lightly” and are part of long-term efforts to strengthen its business model and ensure sustainable growth amid ongoing global log…
Ninja Van lays off 12% of local workforce in latest restructuring exercise
SINGAPORE: Singapore-based logistics company Ninja Van has laid off about 12% of its local staff, in what it described as part of a long-term plan to strengthen its business model and ensure sustainable growth. In a statement issued on Tuesday (12 Aug), the company said it had “strategically restructured” its team and reviewed all positions […]
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