News: Zilingo cuts Singapore and global headcount

Employee Relations

Zilingo cuts Singapore and global headcount

The fashion tech platform backed by Temasek Holdings has cut an additional 12 percent of its global workforce as it extends cost-cutting measures to deal with crisis.
Zilingo cuts Singapore and global headcount

Fashion commerce and tech startup Zilingo has laid off another 11 employees in Singapore and trimmed its global workforce by 12 percent.

Zilingo announced its first round of layoffs in April, which affected five percent of its global workforce, including about 30 people in Singapore, triggered by the global coronavirus pandemic.

Over the last few weeks, as the pandemic continued to wreak havoc across the board, we have executed a similar organizational restructure across Thailand, India, Vietnam offices.12% of our total workforce has been affected, said the company in a statement.

The company realigned its focus only on key value propositions for the next 12 months and swiftly conducted restructuring exercises across various geographies. In the first phase, they downsized Marketing, Sourcing and Support teams in US, Australia, Singapore, and Indonesia to adapt to their current business model and operate more efficiently.

While the Singapore office remains the Global HQ, a few positions in the SG office have been relocated to other offices in the Philippines, Thailand, India, and Indonesia to make the roles focused on local geographies, the company said.

The company has also decided to adapt for some teams, full-time work from home until the end of Q3 2020. Most teams will shift to part-time work from home (a few days a week in teams) in some offices.  

The founders of the company Ankiti & Dhruv also said that the company’s leadership has taken a 30-percent pay cut to help save costs. Some groups within the organization have also been invited to take a pay cut.

‘’As founders, it is hard to explain the sheer guilt attached to decisions of letting go of your people who have shaped the company,’’ the statement added.

Read full story

Topics: Employee Relations, #COVID-19

Did you find this story helpful?



What is key to enabling a hybrid future of work?

How likely are you to recommend our content to a friend or colleague?

Selected Score :