Founder and chief executive Lim Wai Mun announced the layoffs via an e-mail to staff on Dec 2, and addressed the issue at a town hall on Dec 3, sources told The Straits Times.
Mr Lim did not specify affected roles, but a spokesman told ST that less than 20 per cent of the affected jobs were based in Singapore.
ST understands that most of the affected roles here were in tech and finance.
The remaining cuts were spread across some of the regional markets the firm has a presence in, which include Malaysia, Thailand, the Philippines and Indonesia.
The spokesman said that the company is committed to supporting affected employees across its markets by offering enhanced severance benefits that "exceed statutory requirements".
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