The new four-day work week will mean a 20 per cent salary reduction,"subject to local market conditions", said Mr Lin in the e-mail. It will take place for three months starting from May 1.
The Covid-19 pandemic has hit the travel sector hard as countries worldwide go into lockdowns or impose movement restrictions. Prior to the pandemic, the startup had been on a growth trajectory and managed to snag about US$520 million from investors such as Goldman Sachs and SoftBank Vision Fund. "Ever since then, we have made it our No 1 priority to ensure that we have enough capital to run for a good number of years," he said.
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