fbpx
Connect with us

News

Honestbee Allegedly Fires CEO After Laying Off 10% Of Staff & Suspending Some Of Its Operations

Published

Honestbee Allegedly Fires Ceo, Suspends Some Of Its Operations In Asia &Amp; Lays Off 10% Of Staff - World Of Buzz 2
Source: Nikkei Asian Review & Hong Kong Living

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Food and groceries delivery company Honestbee has revealed that it will be suspending and stopping some of its operations across Asia, while cutting 10 per cent of its global staff, reported the Straits Times.

According to a company spokesperson, Honestbee will be shutting down services in Hong Kong and Indonesia and is temporarily suspending operations in the Philippines and Japan. Meanwhile, the company’s food delivery service will cease in Thailand.

These steps were taken in an effort to “help the company focus and realign its regional business”.

Honestbee Allegedly Fires Ceo, Suspends Some Of Its Operations In Asia &Amp; Lays Off 10% Of Staff - World Of Buzz 1

Source: the nation

Prior to this, Honestbee reportedly employed 1,000 staff across its 8 markets.

Additionally, Tech Crunch also reported that the startup’s CEO Joel Sng was allegedly let go, based on information from two sources. Sng reportedly cleared his desk on 30th April.

Sng co-founded Honestbee along with Isaac Tay and Jonathan Low in 2015. While Tay left the company back in 2018, it was reported that Low would remain in Honestbee to run its engineering team.

However, according to Vulcan Post, an anonymous source shared a screenshot of an email Sng sent to all Honestbee staff saying that the rumour of him being fired was “fake news”.

Honestbee Allegedly Fires Ceo, Suspends Some Of Its Operations In Asia &Amp; Lays Off 10% Of Staff - World Of Buzz

Source: vulcan post

Reports of Sng being let go have yet to be officially addressed by Honestbee.

The company also issued a statement addressing reports that it has been delaying payroll and that it owed money to suppliers, and was quoted by the Straits Times as saying,

“We would like to stress that this is untrue. We will ensure that all employees across all markets, including Singapore, are paid in a timely manner. In addition, we are also committed to fulfilling our financial obligations to all (contractors), partners and vendors.”

Stay tuned for more updates on this developing story. 

 

Also read: PayPal M’sia to Shut Down Office in April 2019, All Employees to Be Affected By Closure

Paypal Shuts Down Operations Centre In M'sia, Starts Vss Scheme For Employees - World Of Buzz 2

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 21 Collage 21
News15 hours ago

“Allah planned it this way” – Kelantan Deputy MB Responds to Arrest of Kelantanese Singer in Thailand

Just recently, a Kelantanese singer with 5 other individuals was arrested by Thai Police. 6,000 meth pills were also found...

My Post 1 2024 11 04T150004.665 My Post 1 2024 11 04T150004.665
News17 hours ago

Anthony Loke: Govt Will Cease The Sales & Registration of NGV Nationwide Starting July 2025

Starting from July 1, 2025, all vehicles using natural gas (NGV) will no longer be allowed to be registered or...

Collage 14 1 Collage 14 1
News18 hours ago

Zahid Hamidi: Johor to Introduce RM4K Starting Salary for Skilled Workers with Diploma, RM5K for Degree

The launch of the Johor Talent Development Council (JTDC) has made Johor the first state in Malaysia to establish a...

Feat Image Jail Ic Feat Image Jail Ic
News18 hours ago

This Controversial Law Can Land M’sians Up to 5-Year Jail, RM50K Fine Just for Not Having MyKad with Them

There have been many viral stories in the past about Malaysians finding themselves in trouble with the authorities for not...

My Post 1 2024 11 04T122638.683 My Post 1 2024 11 04T122638.683
News20 hours ago

M’sian Teenager Sentenced to Life in Prison in the UK for Attacking Sleeping Schoolmates with Hammer

A Malaysian teenager has been sentenced to life in prison in the United Kingdom (UK) after he attacked 2 of...

Collage 13 1 Collage 13 1
News20 hours ago

After 5 Months, Bodyguard Who Allegedly Assaulted OKU E-Hailing Driver Will be Charged in KL High Court

In an incident that occurred in May, a Malaysian e-hailing driver with a disability was reportedly punched by an escort...

Collage 12 1 Collage 12 1
News21 hours ago

Moo Deng, The Cute Baby Hippo Taking World by Storm, Wins Video of the Year at TikTok Awards Thailand!

Moo Deng has blown up on TikTok, where her cute videos have racked up millions of views. With her chubby...

Feat Image Tgif Feat Image Tgif
News2 days ago

Popular Restaurant Chain TGI Fridays Files for Bankruptcy Due to Prolonged Financial Challenges

Popular restaurant chain TGI Fridays has filed for bankruptcy in the United States after suffering prolonged financial challenges and a...

Announcement

Latest Videos



TRENDING TODAY