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 Grab biggest layoff since pandemic

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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!
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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
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


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...


JimbeamofNRT
post Jun 21 2023, 08:39 AM

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QUOTE(louiszzz @ Jun 21 2023, 08:29 AM)

lol funny joke is they done retrenchment then found out that they use more money than expected so now they change the plan to change the employee policy and also KPI which impossible to do it one

in cantonese they say dun have so big head but want wear so big helmet

now the property agent try to boikot them and also like those small competitor *Edge prop or Mudah Prop also do better and well than propertyguru and iproperty

and the viewership and lead from propertyguru and iproperty are dropping tremendous , internal everyone know this but they just keep blame this to like too many holiday and also market issue.

they try hard to cover everything
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and they think AI stuff can do everything that human can do one is it?

like I said lah , all these co top management are very good at TKSS, doing flowery presentations and all, but when the result came in? whistling.gif
JimbeamofNRT
post Jun 21 2023, 08:43 AM

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QUOTE(yhtan @ Jun 21 2023, 12:16 AM)
That's the problem with Grab, they rely too much on data and did not consult with direct stakeholders. Now u recruit so many keluar pattern driver and jeopardize their own reputation and service quality.
Siapa mau buat 3am job with this ciput low fare, reach Penang airport then bangau for don't know how long only can get a job out. Some more midnight job is tough with far pick up, can goes up easily 5-10km just to pick up.
optizorb tengok ini cincai comment, as if indriver sudah become no.1 laugh.gif
11% is huge number, i think since starting they have not fire staff like this big scale, must be pressure from the shareholders especially softbank.
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- they have build their reputations for quite some time, now sabotaging own success by recruiting so many keluar patterns drivers which should belong to indrive group
- midnight job is dangerous tbh, u will never know what kind of cust u will get, summore with low fare? no way mang
- they are firing those low level staff , all the upper management staff still there ( fat paychecks, perks , etc )


JimbeamofNRT
post Jun 21 2023, 08:55 AM

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QUOTE(louiszzz @ Jun 21 2023, 08:46 AM)
really pity those kena retrenchment and those still working but kena force indirectly to leave.

not just CO top management , even the HR of this two propertyguru and iproperty also pretty shit. come out with some stupid un-fair policy which the HR think everyone is stupid. those employee do not want to sign the policy then they just keep send reminder and ask manager force them to sign.
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that is some chainaman style co bro

https://www.glassdoor.com/Reviews/iProperty...ews-E700098.htm

"Culture shifted post acquisition by PGG. Work environment not as healthy anymore."

"The management is disconnected from the employees" (in 8 reviews)

"increments were super low, and that also subject to decision by the higher management, as he has the discretion in deciding who to get low or high increment and bonuses, as no managers were dare to oppose him.no" (in 3 reviews)


JimbeamofNRT
post Jun 21 2023, 09:06 AM

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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.
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leading investment fund which is not from their own pocket memang syiok. no accountability at all.
you need to have lots of confidence, taichi skill level 99 and TKSS all the way in order to get what you want


JimbeamofNRT
post Jun 21 2023, 09:36 AM

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QUOTE(Ashadiya @ Jun 21 2023, 09:31 AM)
Last week i took AA ride for the first time, Grab wanted rm24, AA only need rm13, so i took AA, but i gave d driver RM20, i feel pity as i felt rm13 was to cheap, at least d driver no need pay Tony commission on the extra rm7 😁
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both of them throw price in order to capture the market

kasihan the drivers actually
JimbeamofNRT
post Jun 21 2023, 09:37 AM

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QUOTE(Ashadiya @ Jun 21 2023, 09:19 AM)
They only just got their licence from APAD a few days ago, so soon should be back on play store
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coupled with some marketing blast, I am sure they will get noticed more afer this
JimbeamofNRT
post Jun 21 2023, 09:41 AM

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QUOTE(louiszzz @ Jun 21 2023, 09:22 AM)
Looks good but "taste bad"

PropertyGuru GM told all the internal staff that the customer (property agent) every month earn alot but only put small percentage to advertising so he increase all the KPI number like double up every month of sales team to get the number. You need to understand agent also got other commitment not just push all the earning into advertising dude.

and also this is also good chance to ask those employee leave with those KPI which really not achieveble. so then can do PIP and kick you out without compensate
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basically they are chasing out their own customers that bring revenue

sohai punya management
JimbeamofNRT
post Jun 22 2023, 08:30 AM

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QUOTE(JeremyLord @ Jun 21 2023, 10:12 PM)
Janji secured rumah best

Owai
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QUOTE(fuzzy @ Jun 21 2023, 05:17 PM)
Same with Grab la. List at USD13 now USD3. All bag holders left crying while CEO buy 40mil bungalow.

This world is run by scammers. Our weakness is we never do the same bro  sad.gif
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US$12.40 4th Dec 2020 before covid
peaked at US$16.37 12 Nov 2021 during covid
now hovering around US$3.39

meanwhile big bos bought SGD$40 million bungalow hasil berjimat chermat whistling.gif

JimbeamofNRT
post Jun 22 2023, 08:31 AM

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QUOTE(alexandersuk @ Jun 21 2023, 04:26 PM)
In Drive now LEGAL.
Grab is a dying platform and no longer relevant.
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what indrive need to do now is more exposure, more marketing

then grab can slowly join uber

This post has been edited by JimbeamofNRT: Jun 22 2023, 08:31 AM
JimbeamofNRT
post Jun 29 2023, 08:03 PM

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similar news

https://www.malaymail.com/news/world/2023/0...f-writers/77035

National Geographic lays off all of its staff writers

NEW YORK, June 29 — National Geographic has laid off all its staff writers, leaving the venerable, award-winning magazine to be pieced together by editors and freelancers.

In all, 19 editorial staffers were cut, including the small audio department at the magazine. They had been notified in April that the axe would fall, German news agency (dpa) quoted The Washington Post report. The layoffs are the latest in a slew of cuts at tech and media publications this year.

The writers themselves tweeted out the news, focusing on the great run they’d had.

“My new National Geographic just arrived, which includes my latest feature — my 16th, and my last as a senior writer,” wrote Craig Welch, whose award-winning work has graced many a cover and shed light on urgent environmental issues. “NatGeo is laying off all of its staff writers. I’ve been so lucky. I got to work (with) incredible journalists and tell important, global stories. It’s been an honour.”

Owned since 2019 by the Walt Disney, the 135-year-old chronicler of the natural world has seen a slew of job reductions over the past several years, including an unprecedented layoff of six top editors last September, the Post reported.

Founded by the National Geographic Society (which remains a minority partner) in 1888, the magazine was sold to 21st Century Fox in 2015. Disney snagged a majority stake when it bought the Rupert Murdoch-controlled 21st Century Fox for US$71 billion (RM332 billion) in 2019, per the Post. Before the Fox purchase, the magazine’s parent company cut 200 employees, or 9 per cent of its staff, via layoffs and buyouts.

The collectible magazine, chock full of articles and photos that took months to research and prepare, had 12 million US subscribers in its heyday in the 1980s and another few million more around the world, the Post noted. At the end of 2022 it had less than 2 million subscribers in the US. — Bernama
JimbeamofNRT
post Jun 29 2023, 08:10 PM

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QUOTE(9m2w @ Jun 29 2023, 08:07 PM)
So June gonna be the last issue?

Maybe buy one copy keep for my kids. Boys this was what daddy read while waiting for the doctors.
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still available, now run by editors and freelancers

 

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