Singapore’s ride-hailing firm Grab lays off over 1,100 employees 

On-demand startups in Asia raised hundreds of millions of dollars from investors over the last several years to scale and compete heavily in ride-sharing, alternative transport, delivery, and a supersized range of related and unrelated services. Now comes the reckoning. 
This week, Southeast Asian supper app ride-hailing and food delivery app operator Grab laid off more than a thousand people, or about 11% of its staff, its first big layoffs since 2020.
Grab — which offers services in Singapore, Indonesia, Thailand, Vietnam and Myanmar — said it would make severance payments of hal

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