SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

SINGAPORE (Reuters) - Southeast Asian ride-hailing and payments firm Grab said on Tuesday it will lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp .Southeast Asia's most valuable startup with a valuation of $14 billion informed staff of the cuts at a townhall meeting, according to people with knowledge of the matter.CEO Anthony Tan told staff in a note which was shared with Reuters the company would cut about 5% of..