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 Grab biggest layoff since pandemic

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alexandersuk
post Jun 20 2023, 08:05 PM

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QUOTE(Brotherjoe @ Jun 20 2023, 07:43 PM)
Rush hours still very hard to find grab car.. missed the pre pandermic time..
3am still find get grab car to penang airport. Now macam very hard.
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All grab drivers have moved to in drive.
God Grid
post Jun 20 2023, 08:14 PM

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QUOTE(Rich Dad @ Jun 20 2023, 03:08 PM)
Monopoly mani....
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QUOTE(JimbeamofNRT @ Jun 20 2023, 03:50 PM)
that co lay off 50% staff also the scammer TF still wont refund our hard earned money
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Lol! I think Tony the Scammer is in the forum. My post got reported. Must be Tony the Scammer butthurt

Don't want to refund, some more keep scamming people

Fuck you TONY THE SCAMMER!
sinkiebaru
post Jun 20 2023, 08:22 PM

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QUOTE(7nuub @ Jun 20 2023, 03:13 PM)
your friend kena d or you pancut awal?
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He just jelly lah....people doing well he sour grapes.
JimbeamofNRT
post Jun 20 2023, 08:40 PM

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QUOTE(Rich Dad @ Jun 20 2023, 06:44 PM)
Gotta keep up the pump...
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no wonder so many ppl aspired to become founder of startup these days. you TKSS all the way, secured the fund , then spend em like no tomorrow. not enough money? TKSS again, make a beautiful .ppt with believable data then let the money keep in coming.

doesnt matter if untung or not, make sure the investors $ keep flowing
JimbeamofNRT
post Jun 20 2023, 08:42 PM

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QUOTE(God Grid @ Jun 20 2023, 08:14 PM)
Lol! I think Tony the Scammer is in the forum. My post got reported. Must be Tony the Scammer butthurt

Don't want to refund, some more keep scamming people

Fuck you TONY THE SCAMMER!
*


whatever happen to their superapps anyway?

you never know when this awful company is going to be put out of its misery by creditors who grow tired of their not paying their bills, owing millions to customers in unpaid refunds etc
keybearer
post Jun 20 2023, 08:50 PM

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QUOTE(TOMEI-R @ Jun 20 2023, 06:37 PM)
Problem is investor@people still keep pumping money into it. To me this kind of business are like money game @ pyramid schemes. Investors keep pumping money into the company and keeps everything running like a merry go round. Company officials will have a field time spending investor money like no tomorrow. When the investor money stops flowing in is when the whole circus starts to crumble. Whoever still in it will take the full brunt.
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Had this same conversation too with my family. It really feels like money game that con big players (angel investors, VC, wealth funds, etc.), the trick is to know when you're getting rug-pulled.

Like running off with money on crowdfunding platforms but scale it to 100x the size & scope. 'Legally' mind you.
plouffle0789
post Jun 20 2023, 08:52 PM

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QUOTE(Boy96 @ Jun 20 2023, 01:57 PM)

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Malaysia also kena?
Lembu Goreng
post Jun 20 2023, 08:53 PM

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meanwhile,



jojolicia
post Jun 20 2023, 09:05 PM

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QUOTE(pureawesomeness @ Jun 20 2023, 02:53 PM)
Why y'all say scammer? They help uphold work ethics and values.

When drivers driver weird or don't follow rules, we report, and grab takes action.

When order KFC, missing one item, they refund me the whole payment.

So beneficial to end users.
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They have forgotten and want back the pak taxi point-to-point bargain era
MakNok
post Jun 20 2023, 09:18 PM

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QUOTE(Optizorb @ Jun 20 2023, 04:38 PM)
i havent kayuh since jan this year when they announced the new fare structure.. cause that time also i could tell what a shitshow this would be already..

so now i read driver/passenger stories on fesbuk je.. and feel kesian to both driver and rider being put into this situation..
exactly this!

they could have maintained the prices, and keep the excellent services grab drivers have been providing to riders all these years.

Customers also can be assured when taking grab knowing their driver is a 100% regulations complying driver and is drug-free cause have to do yearly health check up for PSV license AND crime-free cause once you got pdrm kes you cant drive with grab..

Also number 1 thing grab have advantage over their competitors was in terms of CS. if got problem with driver, CS will reimburse. Action will be taken towards driver, so less hank panky going around. Driver will also be vary to do hanky panky because afraid of getting banned.

You left behind your iphone pro max also got very high chance you able to recover it! The grab driver willing to stop his car and find every inch of his car for your iphone.. You got luggage or carrying many stuff? grab drivers will turun kereta to help you load into car.. You put wrong stop or ask driver drop you off inside your condo also no problem small matter.. All these drivers willing to do it last time with no complaints..

these days? with sampah fare, grab drivers also dont give a fuck anymore if rider complain left something in the car. if lost then lost, driver say not my fking problem.
Oh you stay in condo put pick up point guardhouse but ask driver go pick you up from your block's lobby? Driver say fuck off i will wait at guardhouse you no come in 5 mins i will cancel the job.
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Now raining.....pity if pickup guardhouse.....hohoho
TOMEI-R
post Jun 20 2023, 09:27 PM

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QUOTE(max_cavalera @ Jun 20 2023, 06:44 PM)
They oso smart.

Debt is money yo 😏😏

As long as every quarterly can show increase revenue and decreasing loss…

Money gonna keep
Pumping
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It's like a bloody big smokescreen to mask their ulterior motives.

QUOTE(JimbeamofNRT @ Jun 20 2023, 07:08 PM)
Goldfinch Bio

Company: Goldfinch Bio

Select VC investors: Third Rock Ventures, Gilead Sciences, BlackRock

Total disclosed funding: $214M


Goldfinch Bio falls from the sky after failing to find a path forward for kidney treatments

    “CEO Tony Johnson and Chief Financial and Operating Officer Kyle Kuvalanka told Fierce Biotech that the company is closing up shop after failing to secure additional financing. Goldfinch is now in an assignment for the benefit of creditors in Delaware court, an alternative to bankruptcy.

    ‘Unfortunately, we had funding challenges, just like I think the rest of the environment, particularly private companies, in the current macro environment,’ said Johnson. The two executives said the company had reduced its workforce over the course of 2022 while winding down and has been operating with a small staff.”

------

https://latana.com/post/wework-deep-dive/

From Unicorn to Fiasco: How WeWork Crashed & Burned



Reporter Matthew Zeitlin pointed to the company’s expensive, unprofitable business model, as well as unethical and questionable behavior by CEO Neumann, as the main reasons the brand was failing.
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By the time the company crashes and burn, the founder, top management and investors are already laughing all the way to the banks.

QUOTE(keybearer @ Jun 20 2023, 08:50 PM)
Had this same conversation too with my family. It really feels like money game that con big players (angel investors, VC, wealth funds, etc.), the trick is to know when you're getting rug-pulled.

Like running off with money on crowdfunding platforms but scale it to 100x the size & scope. 'Legally' mind you.
*
Only difference is this is done the legal way.
max_cavalera
post Jun 20 2023, 09:34 PM

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QUOTE(TOMEI-R @ Jun 20 2023, 10:27 PM)
It's like a bloody big smokescreen to mask their ulterior motives.
By the time the company crashes and burn, the founder, top management and investors are already laughing all the way to the banks.
Only difference is this is done the legal way.
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Just look at Twitter

It has never ever recorded any profit since founded by Jack Dorsey

Yet Jack Dorsey managed to become a billionaire.

Got buy off for stupid money from yilon ma some more
JimbeamofNRT
post Jun 20 2023, 09:36 PM

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QUOTE(TOMEI-R @ Jun 20 2023, 09:27 PM)
It's like a bloody big smokescreen to mask their ulterior motives.
By the time the company crashes and burn, the founder, top management and investors are already laughing all the way to the banks.
Only difference is this is done the legal way.
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yup, no need to pay back to investors IF the startup failed

see adam neumann of wework, failed spectacularly, now busy with Flowcarbon, a start-up tokenizing carbon credit trading platform that runs on blockchain


WhiskeyTango777
post Jun 20 2023, 09:37 PM

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i just got the news, even malaysia is effected , some ppl in Grab malaysia just receive news they got retrench so sad.... sad.gif

*estimated 1k retrench from Grab Malaysia shocking.gif
kesian wey, immediately dismissal , esok no need kerja

This post has been edited by WhiskeyTango777: Jun 20 2023, 09:52 PM
JimbeamofNRT
post Jun 20 2023, 09:39 PM

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QUOTE(WhiskeyTango777 @ Jun 20 2023, 09:37 PM)
i just got the news, even malaysia is effected , some ppl in Grab malaysia just receive news they got retrench so sad....  sad.gif
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soon...


weehoi
post Jun 20 2023, 09:43 PM

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QUOTE(Lembu Goreng @ Jun 20 2023, 08:53 PM)
meanwhile,


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$40 million = RM138 million for a god damn house wow...

3x the balance of Cathryn Li.

Win lottery also can't afford...

Win Olympic Gold medal 10 times also can't afford...

Maybe become pro footballer or gift from state..

This post has been edited by weehoi: Jun 20 2023, 09:44 PM
TOMEI-R
post Jun 20 2023, 10:24 PM

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QUOTE(max_cavalera @ Jun 20 2023, 09:34 PM)
Just look at Twitter

It has never ever recorded any profit since founded by Jack Dorsey

Yet Jack Dorsey managed to become a billionaire.

Got buy off for stupid money from yilon ma some more
*
Only those in the know how would know. The rest will worship these people like Gods. rolleyes.gif That is why these people are so "successful" no?

QUOTE(JimbeamofNRT @ Jun 20 2023, 09:36 PM)
yup, no need to pay back to investors IF the startup failed

see adam neumann of wework, failed spectacularly, now busy with Flowcarbon, a start-up tokenizing carbon credit trading platform that runs on blockchain


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The usual reply "That is why its called an investment. There would sure be some risks involved".
rolleyes.gif
QUOTE(WhiskeyTango777 @ Jun 20 2023, 09:37 PM)
i just got the news, even malaysia is effected , some ppl in Grab malaysia just receive news they got retrench so sad....  sad.gif

*estimated 1k retrench from Grab Malaysia  shocking.gif 
kesian wey, immediately dismissal , esok no need kerja
*
Yup. I know a lot of employees in a recent very hotly debated startup company. During their last "restructuring exercise", employees received a memo of a meeting with department heads at 9am. Meeting at 11am, HOD inform staffs that are affected would receive "the" email of termination of employment and they would need to clear out and leave before lunch time is over.

Yes its that fast. Its as fast as when they were recruiting, they offer higher salaries with immediate vacancies to be filled.
Lembu Goreng
post Jun 20 2023, 10:34 PM

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SUS2feidei
post Jun 20 2023, 10:34 PM

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QUOTE(keybearer @ Jun 20 2023, 08:50 PM)
Had this same conversation too with my family. It really feels like money game that con big players (angel investors, VC, wealth funds, etc.), the trick is to know when you're getting rug-pulled.

Like running off with money on crowdfunding platforms but scale it to 100x the size & scope. 'Legally' mind you.
*
because for angel investors, VC, wealth funds, etc.....they don't just invest in 1 startup, they will invest in hundreds of startup, then, if out of hundreds, just 1 make money, or go for listing, the one can recover the 99 rugi liou

those who buy after listing, gudluck to u bye.gif

founder sudah make money from angel investors, VC, wealth funds, etc, angel investors, VC, wealth funds, etc make money buy go listing, exit........u go buy open market, u wait long long lah it become valuable like Microsoft, Apple or Tesla lah....if that ever happen laugh.gif
SUS2feidei
post Jun 20 2023, 10:35 PM

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QUOTE(TOMEI-R @ Jun 20 2023, 10:24 PM)
Only those in the know how would know. The rest will worship these people like Gods. rolleyes.gif That is why these people are so "successful" no?
The usual reply "That is why its called an investment. There would sure be some risks involved".
rolleyes.gif
Yup. I know a lot of employees in a recent very hotly debated startup company. During their last "restructuring exercise", employees received a memo of a meeting with department heads at 9am. Meeting at 11am, HOD inform staffs that are affected would receive "the" email of termination of employment and they would need to clear out and leave before lunch time is over.

Yes its that fast. Its as fast as when they were recruiting, they offer higher salaries with immediate vacancies to be filled.
*
less than 24 hours notice, no compensation? sweat.gif

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