Why not issue vouchers, at least to staff they'd rather not lose?
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Ideally VC mothership should pay for their continuation through crisis. Or none of the VCs included Corona like risk in their calculation?
They are becoming way too haughty in recent years.
Expanded from ride sharing to meal deliveries to coupons to VC fund (yup, a startup with it's own VC fund, ironic), to digital banks etc.
Cut the crap and focus.
“And, beginning in May, the ride-hailing company will reportedly put forward a 30 percent reduction in pay for executive leadership, 20 percent for vice presidents and 10 percent for all other staffers who are exempt per a Securities and Exchange Commission (SEC) filing.”
This stuff grinds my gears. I think they could take a bigger pay cut. I see this everywhere not just with Grab. The CEO Anthony Tan is in the top 50 riches people in Malaysia.
Unlike other companies, the no-pay leave is voluntary, they are not forcing people to take leave(atleast till now). Also the amount of pay cut is replaced by RSU. I think Grab is doing good enough job to support workers and drivers and to support it's business.
P.S used to work for Grab till last week. Left because of personal reasons. Opinions are my own