Job cuts at TaniHub for the second time this year

More: SoftBank writes off its investment in FTX, and Sea Group reports slightly better quarter-on-quarter EBIDTA losses for Q3. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} When the 2008 global financial crisis happened, I was barely out of primary school. As a kid, I didn’t really understand what was going on most of the time. I knew from reading the news that the economy was in a bad spot and that people were getting retrenched on a nearly unimaginable scale. But I didn’t have the detailed knowledge to understand why it was happening and what that would mean for the average person. To me, most of what I took away was: banks are tanking=bad. Fast forward to today and things have changed - for me at least. I understand what’s happening with the economy and why so many people are getting laid off week after week. However, this means that I’m also more aware of how this is affecting other people as well as how companies are getting affected more specifically. One such company that’s had to cut its workforce (twice) is TaniHub. Just this week, it implemented yet another round of layoffs. In today’s premium story, we explore what happened in greater detail. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Exclusive: Indonesia’s TaniHub slashes more jobs]( This is the second publicly known wave of layoffs carried out by the agritech startup this year. ---------------------------------------------------------------  TECH IN ASIA ORIGINALS Tech in Asia Originals is where we produce video content that aims to breathe life into the people, companies, and markets in Asia's startup ecosystem. Explore all of our original videos [here](. [Scaling a D2C business]( Now that you have the fundamentals of building your direct-to-consumer (D2C) business down, how do you go about scaling it? Love Bonito CEO Dione Song breaks down specific upgrades and levers that you can pull to bring your business to the next level. Watch the rest of Unlocked: Dione Song - [become a subscriber today](  --------------------------------------------------------------- TRENDING NEWS [Grab revenue more than doubles YOY in Q3, deliveries hit EBITDA breakeven]( The company’s total adjusted EBITDA loss for the quarter also improved to hit US$161 million, a 24% uptick compared to 2021. [Korea launches probe into Terra co-founder Daniel Shin’s fintech firm]( Authorities are looking into Chai’s launch of its Terra payment services, which may have involved using its customers’ personal data without consent. [Peter Thiel’s Valar Ventures backs $20m series A of Dubai investment platform]( Baraka will use the funds to strengthen its presence across Egypt and Gulf Cooperation Council countries. [Tencent marks first YoY non-IFRS increase in Q3]( The firm’s Q3 operating profit was at US$5.8 billion, up slightly from the US$5.75 billion it recorded a year earlier. [Sea Group’s financial health in 8 charts]( We put our finger on the pulse of Sea Group, Southeast Asia’s largest internet company. [SoftBank to mark FTX investment to $0]( The Japanese investment giant said it has invested US$100 million in FTX, a Barron’s report noted. ---------------------------------------------------------------  TECH IN ASIA SCHOOL Find your village It takes a village to raise a startup. The life of a founder can seem difficult, exhausting, and lonely, but it doesn’t have to be. Take the first step to build a village of your own by signing up for Tech in Asia School’s [Mentorship Program]( Through the program, founders will receive dedicated, one-on-one guidance from a mentor that will help them on their startup journey. Whether you’re grappling with growth issues, struggling with product development, or just need someone to talk to, these mentors can provide the right guidance and support. As some of Southeast Asia’s top business leaders and founders, they know what it’s like to walk the path that you’re on - and they’ll be able to help. Tech in Asia School is currently accepting applications for the December cohort of our Mentorship Program, which will run for three months. [Sign up]( by November 30 to start building your village. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Business Development Representative]( at Tech in Asia Kuala Lumpur, Malaysia - [Senior Growth Manager]( at Little Joy Indonesia Jakarta, Indonesia - [Senior / Lead PHP & NodeJS Developer]( at AiChat Jakarta, Indonesia - [Human Resource Manager]( at Pintar Ventura Group Jakarta, Indonesia - [DevOps Engineer]( at Dropsuite Bandung, Java, Indonesia - [New Product Development Manager - Beauty Product]( at Rocketindo Jakarta, Indonesia --------------------------------------------------------------- [ADVERTISE]( | [SUBSCRIBE]( P.S. 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