Zilingo cuts jobs by 12%

The job cut came as part of their profitability prioritisation plan.

Zilingo, a fashiontech platform financed by Temasek Holdings Pte, has downsized 12% of its workforce as part of an organisation restructuring due to COVID-19, a company announcement confirmed. They are claiming to focus on their key value propositions for the next 12 months.

The announcement also confirmed that marketing, sourcing, and support teams have been curtailed in its US, Australia, Singapore, Indonesia, Thailand, India, and Vietnam offices. Few positions in the Singapore office have also been relocated to other offices in Philippines, Thailand, India, and Indonesia.

For those who are still on the job, some teams will work full-time from home till the end of Q3, whilst some other teams are allowed to work part-time from home. Zilingo’s management has also decided to let go or sublet some of its office spaces to adapt to this situation. The leadership has also opted for at least a 30% pay cut voluntarily to help save costs and cash reserves, the announcement added.

Founded and operated by a 28-year-old, Zilingo has been one of the top startups in Southeast Asia which connects businesses with 6,000 factories globally, valued at $970m in early 2019.