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Digital bank GXS cuts 82 jobs across group after 'strategic review'
The Straits Times
|December 04, 2025
Digital bank GXS, which is backed by Grab Holdings and telco Singtel, is cutting 82 jobs across the group.
That works out to about 10 per cent of roles that have been made redundant, group chief executive Lai Pei-Si said in a message to employees on Dec 3.
The cut follows a strategic review in three markets - Malaysia, Singapore and India. GXS has a subsidiary, GXBank, in Malaysia, and a tech centre in India. It operates as GXS Bank in Singapore.
The Straits Times understands that the digital bank has managed to rightsize organically in Malaysia, meaning it did not backfill roles that have been vacated. However, the pace of rightsizing was slower than expected in the other two markets.
Ms Lai said the digital bank had been trying to reshape the organisation organically over the past year and a half.
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