Ninja Van has laid off about 12% of its Singapore workforce in its latest round of job cuts.

The company previously conducted layoffs in April and July 2024, affecting both its regional tech team and Singapore-based staff.

The retrenchments are part of a business restructuring to address changing business needs and competition in Southeast Asia.

Ninja Van is streamlining headquarters functions to focus on tech-enabled B2B restocking and cold chain logistics.

Impacted employees will receive severance packages aligned with Singapore’s tripartite advisory, plus additional medical insurance and mental health support until December 31.

The company will consider redeployment for those with relevant skills and provide career transition support, including networking and reference letters.

🔗 Source: CNA

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