The Singapore-headquartered firm faces challenges with still-rising interest rates, a souring economic environment and the rise of artificial intelligence, analysts say.
SINGAPORE: Grab’s decision to slash more than 1,000 jobs stems from the need to address a “bloated” headcount and remain nimble for challenges ahead, analysts told CNA. It is targeting to hit adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) breakeven in the fourth quarter of this year.
