In today’s briefing:
- Grab Holdings (GRAB IJ) – Rationalising With Growth in Mind
Grab Holdings (GRAB IJ) – Rationalising With Growth in Mind
- Grab‘s announcement this week that it would cut 11% of its workforce was a move to rationalise costs to give the platform a sure footing for longer-term growth.
- Near-Term profit targets would be achieved without these recent cuts which are focused on addressing geographical cost imbalances and taking into account potential automation through the impact of Generative AI.
- The outlook for growth this year looks promising, with the potential for a strong 2H recovery despite employee-related costs but cuts will establish a more competitive cost base long term.
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