Grab shares are trading higher on report that the company is planning its biggest round of job cuts since pandemic to focus on profitability.
Portfolio Pulse from Benzinga Newsdesk
Grab is reportedly planning its largest round of job cuts since the pandemic began, aiming to focus on profitability. This news has led to an increase in Grab's share price.
June 20, 2023 | 11:14 am
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Grab's share price is trading higher following reports of the company's plans for its largest round of job cuts since the pandemic, focusing on profitability.
The news of Grab's planned job cuts to focus on profitability has a direct impact on the company's share price. Investors may view this move as a positive step towards improving the company's financial performance, leading to increased demand for the stock and a higher share price in the short term.
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IMPORTANCE 80
RELEVANCE 100