The company's share price rose by 15% after the layoffs.
With plans to make it permanent.
SoftBank said it will not be moving forward with the deal due to regulatory issues and unmet requirements.
Airbnb's business has been deeply affected over the past few months
Wage subsidies for businesses are up to RM1200 per employee.
Many SMEs have been badly affected by the nationwide shutdown.
The total capital available for funding surpasses US $2 billion.
The platform has 800 million daily active users
The company is eyeing expansion to Malaysia and Philippines
Due to worsening travel industry, cancellations have been taking place globally.
A survey stated that 39.5% entrepreneurs prefer online learning during this critical period
Helping startups raise funds more effectively during this difficult period.
Up to 300,000 Malaysians could be affected in Singapore.
Visas of foreign nationals have all been suspended.
The firm was acquired in 2019 by Vietnam's VinaCapital.
To alleviate the struggles SMEs are facing during this difficult period.
Daily Digest 25/3/2020: 10 tech and business news around the world
Following similar moves from YouTube, Netflix and Amazon.
Stake sale could range from as little as US$12 billion to as much as US$15 billion
Using bluetooth technology to estimate the distance and duration when people come in contact with each other.
The company will cover lifestyle, technology, and business news surrounding Asia.