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Grab’s cost-cutting moves no surprise as firm strives towards profitability: Analysts
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Grab is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation.
PHOTO: LIANHE ZAOBAO
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SINGAPORE – The recent cost-cutting measures by Grab
The South-east Asian technology company, which is aiming to reach adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) break-even for the group in the second half of 2024, said last Thursday that it would be cutting costs amid rising prices and interest rates, which have impacted the company’s growth.
