March 20, 2024 1:04 AMTemasek-backed cashback and rewards platform ShopBack has reduced its employee headcount by 24 per cent, or 195 roles, "to become more focused and self-sustainable as a company".
Laid-off employees were offered pay for at least two months of their notice period, and an additional month of severance payment for every full year of service or based on local statutory guidelines - whichever is higher. Visa holders will have their repatriation costs covered, including airfare and a budget for moving expenses, to "ensure a seamless transition back home if that is the option are pursuing", said Chan.
"Ultimately, I decided on a more substantial reduction to minimise the chances of us ever having to do this again."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ShopBack cuts 195 jobs in push for sustainabilitySINGAPORE: Online cashback portal ShopBack laid off 195 workers, or 24 per cent of the group's headcount, in what it said was a push to become more focused and self-sustainable.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Temasek-backed hospital Manipal Health looking to acquire smaller India hospital chain to become India’s leading healthcare providerTemasek holds a majority stake of 51% in the fast growing Indian healthcare conglomerate, which is facing its fourth potential buyout.
Source: IndependentSG - 🏆 9. / 63 Read more »
Road Closures to Affect 18 Bus Services on March 16 and 17Eighteen bus services will be affected by road closures due to three separate events happening on the weekend of March 16 and 17. Road closures in place for Car-Free Sunday 2024 will cause bus services 10, 57, 100, 130, 131, 133, 186, 195, 196, 400, 961, 961M and 970 to skip bus stops in the civic district and parts of the central business district area. On March 16, buses 52 and 105 will also be affected by the temporary closure of a section of Jurong East Central Road for construction of the upcoming Jurong Region Line. Starting from 12.30am till the end of the day’s bus operations, these buses will skip Jurong East Central Road’s Block 207 bus stop. Bus services 10, 14, 16, 70M and 196 will skip the bus stops at National Stadium and Nicoll Highway Station because of road closures for the MetaSprint Series Duathlon 2024.
Source: thenewpaper - 🏆 7. / 63 Read more »
Road closures to affect bus services on March 16 and 17Eighteen bus services will be affected by road closures due to three separate events happening on the weekend of March 16 and 17. The closures will cause bus services 10, 57, 100, 130, 131, 133, 186, 195, 196, 400, 961, 961M and 970 to skip bus stops in the Civic District and parts of the Central Business District area. On March 16, services 52 and 105 will also be affected by the temporary closure of a section of Jurong East Central Road for construction of the upcoming Jurong Region Line. Starting from 12.30am till the end of the day’s bus operations, these buses will skip Jurong East Central Road’s Block 207 bus stop. Bus services 10, 14, 16, 70M and 196 will skip the bus stops at the National Stadium and Nicoll Highway MRT station because of road closures for the MetaSprint Series Duathlon 2024. Bus, train services to be extended on eve of Good Friday
Source: STForeignDesk - 🏆 4. / 71 Read more »
Russell Tham to be the new chairman of IMDA BoardMr Russell Tham, head of emerging technologies at Temasek Holdings, will join the Infocomm Media Development Authority (IMDA) Board as its new chairman from March 15. He has been a board member since Oct 1, 2020, and has chaired IMDA's technology sub-committee since April 1, 2023.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Russell Tham to be IMDA's new chairman as outgoing head Chan Yeng Kit joins SPH Media boardMr Russell Tham, Temasek Holdings’ head of emerging technologies, will join the Infocomm Media Development Authority (IMDA) board as its new chairman from March 15. He succeeds Mr Chan Yeng Kit, who will join SPH Media Holdings as a board member. Mr Tham, 56, is no stranger to the IMDA, having served as a board member since Oct 1, 2020....
Source: asiaonecom - 🏆 10. / 59 Read more »