By Tech in Asia
Grab is reconsidering financial assistance to drivers in Singapore if lockdown restrictions go beyond June 1, reports Tech in Asia.
Grab has seen a sharp decline in its ride-hailing segment in cities and countries that have imposed major lockdowns.
Grab previously said it would be spending US$40 million on relief initiatives in Southeast Asia for the affected driver- and merchant-partners but Grab’s CEO and founder Anthony Tan said in a letter recently that the company will be making “tough decisions and trade-offs” as it evaluates the pandemic’s impact on the business.
Additionally, the company is now offering its employees “flexible working arrangements” such as no-pay leaves, reduced working hours, and sabbaticals as it fights to weather the Covid-19 crisis.