Online grocery and delivery company, honestbee is laying off 38 employees in Singapore.
As a result of the firm's reduced operations globally, the company has made a decision to rightsize the company in order to cut costs and streamline its business.
The staff departures are not reflective of their performance, but rather due to the restructuring of the business operations in Singapore, an honestbee spokesperson told Human Resources Online.
The spokesperson said: "The move is necessary to ensure that the company has the right structure in place for long-term stability and success. The roles affected are mainly in operations and engineering. Employees will be asked to serve their notice period as per their contract."
Human Resources Online also understands that no severance package will be given, but honestbee intends honour salaries as per their notice period stated in their individual contracts.
Additionally, honestbee is working through the Employability Institute (e2i) to help affected staff find alternative employment if required.
Photo / honestbee
Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!