SINGAPORE: Fashion store Love, Bonito has cut about 6.9 , per cent of its total labor, or 29 commercial functions worldwide.
Fourteen roles in Singapore were impacted, it said on Thursday ( Oct 17 ) in response to CNA’s query.
Impacted , people will be provided a friendly package that is “in range with local rules”, Dione Song, CEO of Love, Bonito told CNA.
This includes a pay based on the length of service, as well as the payment of pro-rated monthly leave and see.
The , people ‘ , medical coverage will also be extended. Like, Bonito will even work with the , important organizations to give career change support, alongside writing recommendation letters.
The small, privately owned company stated that its “immediate emphasis will be on helping impacted people as well as remaining staff through this change stage.”
Like, Bonito has 26 outlets across various locations in Asia: Singapore, Malaysia,  , Indonesia, Cambodia, Hong Kong and the Philippines.
As it looked to expand into other marketplaces like the United States, the clothing brand, which first operated as a blogshop, received US$ 50 million in financing in 2021.