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flag GXS Bank cuts 82 jobs in Singapore, Malaysia, and India to boost efficiency and profitability.

flag GXS Bank, backed by Grab and Singtel, is cutting about 10% of its workforce—82 employees—across Singapore, Malaysia, and India as part of a strategic shift from expansion to operational efficiency. flag The job reductions, based on a company-wide review and not individual performance, aim to streamline operations and support long-term growth. flag Affected employees will receive severance, extended medical coverage, career support, and garden leave. flag The move follows a restructuring that regionalized key functions and comes amid efforts to improve profitability, strengthen customer retention, and align with broader industry trends among digital banks in the region.

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