Ninja Van Reduces Singapore Workforce by 5%

Logistics technology company Ninja Van announced on July 1 that it has laid off 5% of its workforce in Singapore as part of its strategic retooling and expansion into new logistics segments.

• Previous Layoffs: On April 30, Ninja Van cut about 10% of its tech team, which drew criticism due to its timing just before May Day.

• Expansion Plans: Ninja Van is expanding into business-to-business restocking and cold chain logistics, leveraging its existing e-commerce infrastructure and tech-enabled logistics solutions.

• Who Got Hit?: The layoffs impacted junior technology staff across all segments and other divisions such as marketing.

• For Those Laid Off: Affected employees will receive severance packages, extended benefits including medical insurance and mental health support until December 31, 2024, and career transition support.