Love, Bonito lays off 29 employees (6.9% of workforce), offers support package, plans expansion.
Singapore-based fashion retailer Love, Bonito has laid off 29 employees globally, constituting 6.9% of its workforce, with 14 cuts in Singapore. CEO Dione Song stated that affected employees will receive a support package, including payouts based on service length and extended medical insurance. The company plans to continue its expansion, having opened stores in the Philippines and New York City, and aims to enter the U.S. market.
October 17, 2024
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