Golden Gate Ventures | Venture Capital for Southeast Asia

Uber to shut down regional headquarters in Singapore

Uber is shutting down its Asia-Pacific hub in Singapore as it winds down 45 offices globally and lays off 3,000 more employees in a business resizing exercise.

“Over the next 12 months, we will begin the process of winding down our Singapore office and moving to a new APAC hub in a market where we operate our services,” Uber CEO Dara Khosrowshahi wrote in an email to employees on Monday. The new market, however, was not specified.

In 2019, a year after it had merged its Southeast Asia operations with regional rival Grab, Uber opened its Singapore office to oversee operations in nine countries: Australia, New Zealand, India, Bangladesh, Sri Lanka, Japan, South Korea, Taiwan, and Hong Kong. At the time, the office had 165 employees, according to one account.


Read more here!