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Affected employees have received a severance package, which includes garden leave and job placement support.
Ninja Van Group, a tech-enabled 3PL company, has announced that it will be laying off part of its tech team in the region.
In a statement to HRO, a Ninja Van Group Spokesperson said this constitutes said less than 10% of the region’s tech team. The spokesperson clarified: "Cost optimisation has always been an ongoing lever to ensure Ninja Van Group’s sustainable growth.
"In line with the Group’s direction, our Tech department has been actively implementing cost-control measures, including infrastructural reorganisation and outsourcing.
"Following a recent cost evaluation, it was determined that less than 10% of the region’s tech team is no longer required."
Affected employees have received a severance package to support their transition. Commonalities across the package include:
- Company chat and office access kept till end of the week to facilitate proper farewell;
- Garden leave until official last day 31 May 2024;
- One month of severance pay per full year of employment;
- Deadline for exercising vested options extended from 30 days to one year;
- Extension of medical insurance and mental health support valid till 30 June 2024, and
- Job placement support.
Lead image / Ninja Van
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