Grab Pursuit Towards Profitability — Cost optimisation, Job cuts, Financial services and more
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Grab Pursuit Towards Profitability — Cost optimisation, Job cuts, Financial services and more
Grab’s Q2 2024 revenue grew 17% YoY to US$664 million, with significant contributions from financial services and mobility segments.
With layoffs and cost-cutting measures, operating losses decreased from $176 million to $56 million YoY.
The company aims for profitability, leveraging growth in Southeast Asia and expanding its digital banking services.
On A…
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