Logistics firm Ninja Van lays off 5% of Singapore workforce amid expansion restructuring.

Logistics firm Ninja Van has laid off 5% of its Singapore workforce as the company restructures for expansion into new logistics segments. The company, which operates in Singapore, Malaysia, Indonesia, Vietnam, the Philippines, and Thailand, previously postponed plans for an IPO amid profitability challenges. The job cuts follow a 10% reduction in the region's tech team in April.