• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Love, Bonito lays off 29 employees globally, including 14 in S’pore

Hmv

Alfrescian
Loyal
Joined
Sep 29, 2024
Messages
103
Points
28
SINGAPORE – Home-grown fashion retailer Love, Bonito has laid off 29 employees globally, 14 of whom are from Singapore.

This accounts for 6.9 per cent of the company’s total workforce.

Affected employees will receive a support package in line with local regulations, said Ms Dione Song, chief executive of Love, Bonito.

“This includes a payout based on length of service, including encashment of pro-rated annual leave and notice period,” she said.

In addition, Love, Bonito will extend the affected employees’ medical insurance, and work with relevant agencies to provide career transition support, alongside recommendation letters, she added.

Ms Song said: “Our immediate focus will be on helping impacted individuals, as well as the remaining employees, through this transition phase.”


The company did not respond when asked which job functions were affected and if the layoffs would affect its expansion plans.

Love, Bonito opened its first brick-and-mortar store in the Philippines in July 2024.

In June 2023, the company launched its first pop-up store in New York City, which had remained open until the end of the year.

Love, Bonito has more than 20 stores in several locations in Asia, including Singapore, Malaysia, Indonesia, Cambodia, Hong Kong and the Philippines.

The company, which started as an online fashion blog shop that sold pre-loved clothes, had secured US$50 million (S$65.7 million) in funding in 2021 as it eyed expansion into other markets, such as the US.

https://www.straitstimes.com/business/love-bonito-lays-off-29-staff-globally-14-affected-in-s-pore
 
I wouldn't even have bothered to apply to work in such a setup. Unless is only for temporary basis.
Who wants to rely on such setup for a life long career?
 
50m quite big woh, where got setup?
 
Back
Top