Grab Asks Staff to Take No-Pay Leave to Cut Costs
bloomberg.com
Grab Asks Staff to Take No-Pay Leave to Cut Costs
1–10 of 22 posts
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#2They are becoming way too haughty in recent years.
Expanded from ride sharing to meal deliveries to coupons to VC fund (yup, a startup with it's own VC fund, ironic), to digital banks etc.
Cut the crap and focus.
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#3Why not issue vouchers, at least to staff they'd rather not lose?
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#4Why not issue vouchers, at least to staff they'd rather not lose?
And if not some sort of withheld wage to be paid later, issue equity in lieu of pay.
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#5Unlike other companies, the no-pay leave is voluntary, they are not forcing people to take leave(atleast till now). Also the amount of pay cut is replaced by RSU. I think Grab is doing good enough job to support workers and drivers and to support it's business.
P.S used to work for Grab till last week. Left because of personal reasons. Opinions are my own
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#6Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#7They are becoming way too haughty in recent years. Expanded from ride sharing to meal deliveries to coupons to VC fund (yup, a startup with it's own VC fund, ironic), to digital banks etc. Cut the crap and focus.
They will die if they just ride-share.
See Uber and Gojek (Gojek expanded to more businesses than Uber).
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#8“And, beginning in May, the ride-hailing company will reportedly put forward a 30 percent reduction in pay for executive leadership, 20 percent for vice presidents and 10 percent for all other staffers who are exempt per a Securities and Exchange Commission (SEC) filing.”
This stuff grinds my gears. I think they could take a bigger pay cut. I see this everywhere not just with Grab. The CEO Anthony Tan is in the top 50 riches people in Malaysia.
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#9“And, beginning in May, the ride-hailing company will reportedly put forward a 30 percent reduction in pay for executive leadership, 20 percent for vice presidents and 10 percent for all other staffers who are exempt per a Securities and Exchange Commission (SEC) filing.” This stuff grinds my gears. I think they could take a bigger pay cut. I see this everywhere not just with Grab. The CEO Anthony Tan is in the top 5…
You do realize that % based cuts are already progressive right?
Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#10[dead]