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 Grab biggest layoff since pandemic

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silverhawk
post Jun 20 2023, 06:35 PM

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Joined: Jan 2003


QUOTE(Avangelice @ Jun 20 2023, 04:13 PM)
Had a little complication. Hematoma within the breast, they had to go in to open the sutures and dig in and drain out the blood. Was invited to watch it as it didn't need an OT. Full respect to her for keeping a positive attitude throughout her stay there
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Hope your wife has a speedy recovery man

QUOTE(yeezai @ Jun 20 2023, 03:07 PM)
No idea how a ride apps make losses ..not much overhead cost, their driver all comm based .need to hire minimal staff only ..no need much advertisement cost since everyone needs a ride ..no ? I see uber don’t have any ads
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QUOTE(yeezai @ Jun 20 2023, 04:34 PM)
Bro 25cents/km ? Wtf are they even thinking lol ,see the company goyang kaki while drivers doing all the hardwork + they needed to maintain their cars .And i believe transportation shouldn’t be cheap in the first place , look at it from other perspective.when they hike the petrol price every other things will cost more eventually.If grab is doing a price war to remain competitive then it’s killing both their drivers and company
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Their overhead costs are damn high la laugh.gif

You think the tech that runs the entire thing is cheap? You think can just spin up a cloud server and be done with it?

Not to mention the cost of support to handle all the operational woes.

QUOTE(Optizorb @ Jun 20 2023, 04:38 PM)
exactly this!

they could have maintained the prices, and keep the excellent services grab drivers have been providing to riders all these years.
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Their service is not a luxury game, good reliable service is not that important compared to cheap fares. To succeed, they need volume, which is why they fought hard against Uber in the early years. See who got more marketing budget to burn, winner takes all.

You don't think they know your perspective? Its valid, but it won't make them money and eventually they will die if follow what you say. They have the data to derive decisions from, they know which prices consumers can accept and what they can't. Don't be surprised if prices were A/B tested in large numbers to compare.

The stupid thing they're doing is squeezing their riders/drivers which is the life blood of the company. Without them, nothing runs. Their new rates are ridiculous, though I can see what they're trying to do. I think its the wrong move. The layoffs are to be expected, its happening to all major companies around the world.

Serious talk though, the kind of business Grab is in, is a really tough business to get working. Balancing the 3 pillars (customer, rider & self) is extremely difficult. One pillar sure kena tekan like shiet.


 

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