ShopBack Cuts 24% of Staff in Push for Sustainable Growth

Temasek-backed cashback and rewards platform ShopBack has reduced its employee headcount by 24% – cutting out 195 people – “to become more focused and self-sustainable as a company.”

https://www.techinasia.com/shopback-cuts-24-staff-push-susta…

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Comments

  • +5

    ShopBack has reduced its employee headcount by 24% – cutting out 195 people

    What are ~800 people been doing!!?

    • +30

      Telling people their transactions have not been tracked

      • Figured as much.

      • Has 'Jessie' survived the cut? Maybe we will have less bottlenecks if we have people willing to help.

  • +12

    And yet they're still unable to confirm my Domino's reward that's pending since 30/11.

  • +16

    update - union declines 24% cutback…. didn't track on their end, blames third party.

  • Could be a recession coming!!

  • +1

    I wonder how many of those are Australian employees? Potentially no cuts from SB AU.

  • +2

    Bugger, another cashback business going down the craphole like CR.

    @gotyourback - you still with us?

  • -1

    Time to cashout my $420.69

    • +1

      SB says thank you for helping fund their business with the interest on your cash back. If there were more customers like you, they wouldn't have had to cut the 24% of staff, heck they might have been able to add more staff.

  • +3

    Get your cash out while you can

  • -1

    “to become more focused and self-sustainable as a company.”

    The first sign of a company that will fail in the next 12 months is redundancies like this.

    I wouldn't be leaving any large amounts in SB.

    • This apply to all cash back site like topcashback, cashreward and shoback

  • +2

    That's probably why the Shopback rep on here isn't replying to my message

    • Yes, only get paid to answer.

  • The photo shoback provided is kind of sad

  • Same old crap where the CEO makes a bad decision and the victims of the bad decision get their life disrupted while the CEO keeps their job.

    https://www.linkedin.com/posts/shopback-com_a-message-from-h…

    It makes you sick how these so called 'leaders' only think in the now when blind Freddy could have some foresight.

    These companies need to be better regulated.

  • If you look at CR's last available annual statement, it is an extremely unprofitable business. Shopback would likely have similar financial and economic challenges.

    • Got a link?

      I saw CR are looking for a new CMO which is much needed as their marketing has been obsolete lately.

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