Singapore’s Ninja Van lays off about 10% of tech team in the region

SINGAPORE: Logistics provider Ninja Van has laid off about 10 per cent of the region’s tech team.

Following a recent cost evaluation, the company has determined that “less than 10 per cent of the region’s tech team is no longer required”, a Ninja Van spokesperson said on Tuesday (Apr 30) in response to CNA’s queries.

“Cost optimisation has always been an ongoing lever to ensure Ninja Van Group’s sustainable growth,” the spokesperson added.

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

Ninja Van did not respond to queries on the number of workers affected in Singapore and the region.

However, the spokesperson told CNA that the affected employees had received a severance package.

As part of the package, affected workers are given one month of severance pay per full year of employment. Job placement support will also be provided.

Affected workers will also have access to the company chat and office until the end of the week. They will have garden leave until May 31, which is their official last day.

The deadline for exercising vested options would be extended from 30 days to a year, according to the spokesperson.

Medical insurance and mental health support have also been extended to Jun 30.