BEAMSTART Logo

Honestbee lays off 80% of staff; delays salaries until more funding secured.

Their physical grocery store, Habitat, is temporarily closed.


Honestbee lays off 80% of staff; delays salaries until more funding secured. | BEAMSTART News

- From our Sponsors -

Distressed groceries delivery startup, Honestbee, has laid off about 80% of their Singapore headcount, according to a report by Straits Times.

Staff have also informed the media that payments of their salaries and CPF contributions for the previous month will be delayed until further funding for the company can be secured.

- Featured Sponsor -

This comes after Honestbee closed their physical groceries store, Habitat, temporarily from 10th Feb due to the worsening virus situation, resulting in a fall in walk-in traffic and revenues.

Honestbee has closed Habitat since Feb 10th. Photo credit: Straits Times.

This is not the first time the startup has been late in paying its employees, as the company owed over 200 former employees salaries totalling to around SGD $1 million previously

Those payments were completed at the start of last month, according to a spokesman from the Ministry of Manpower.

- From our Sponsors -

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).