217 former Honestbee employees owed almost $1m in salary

Embattled start-up's headcount down; key investor and chairman resigns from board

Honestbee currently has 190 employees, down from 523 full-time and 77 part-time workers in Singapore in January, according to an affidavit filed in court on Friday in support of its debt moratorium application.
Honestbee currently has 190 employees, down from 523 full-time and 77 part-time workers in Singapore in January, according to an affidavit filed in court on Friday in support of its debt moratorium application. ST PHOTO: KELVIN CHNG
New: Gift this subscriber-only story to your friends and family

Embattled start-up Honestbee's headcount has dropped significantly over the last few months, but more than 200 of its former employees have yet to be paid.

Its chairman Brian Koo, who is one of Honestbee's key investors, has resigned from the board.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on September 24, 2019, with the headline 217 former Honestbee employees owed almost $1m in salary. Subscribe