Ninja Van lays off about 10% of region's tech team

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Courier and logistic provider Ninja Van has let go about 10% of the region’s tech team, it told MARKETING-INTERACTIVE.

"In line with the group’s direction, our tech department has been actively implementing cost-control measures, including infrastructural reorganisation and outsourcing," it said.

Following a recent cost evaluation, it was determined that "less than 10%" of the region’s tech team is no longer required.

Don't miss: Ninja Van launches B2B and cold-chain delivery services

MARKETING-INTERACTIVE understands that affected employees have received a "reasonable" severance package to support their transition beyond Ninja Van.

Affected employees will go on garden leave until their last official day on 31 May 2024 and will receive one month of severance pay per full year of employment.

They will also continue to have access to the company chat and have office access till the end of the week to "facilitate proper farewell".

Affected employees will also receive an extension of medical insurance and mental health support till 30 June 2024 and will get job placement support. Their deadline for extending vested options will also be extended from 30 days to one year.

This is the second major layoff in a week after it was reported that Yahoo would be axing its editorial and social media staff members in Singapore. While the platform has been increasingly curating third-party content, it still has original reporting.

In a statement to MARKETING-INTERACTIVE, A Yahoo spokesperson said the company is shifting its editorial strategy to better align with strategic priorities for Yahoo Singapore.

Photo courtesy of Ninja Van Malaysia (Facebook)

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