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PropertyGuru lays off 174 employees and closes three units amid significant financial losses.
PropertyGuru, a Singapore-based real estate tech company, has laid off 174 employees, or about 12% of its workforce, and closed three business units to focus on its core markets following significant financial losses.
The company, recently acquired by EQT Capital, saw its losses nearly triple in the second quarter of 2024.
Affected employees will receive severance and support packages.
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PropertyGuru despide 174 empleados y cierra tres unidades en medio de importantes pérdidas financieras.