Chairman of the Metro Manila Development Committee and Manila 2nd District Representative, Rolando M. Valeriano, has expressed his concern regarding the “wanton business decisions” made by Grab Philippines. This comes after the announcement that one thousand Grab employees from various countries, including the Philippines, will lose their jobs. Valeriano questions Grab’s commitment to providing livelihood opportunities to Filipinos, as stated in their previous communications with Congress and the Department of Transportation. He also criticizes Grab for being uncooperative and evasive during congressional hearings.
Valeriano reveals that a Congressional Committee is investigating Grab for potential violations in price surging, their acquisition of MOVE IT, and other questionable practices such as creative charging and banking activities through Grab Pay. He also notes that the Philippine Competition Commission (PCC) has already penalized Grab multiple times.
On the other hand, Grab Philippines clarifies that their recent regional restructuring will not affect their commitment to the Philippine government and their goal of providing livelihood opportunities to 500,000 Filipinos. They assure that they will continue to support their employees affected by the restructuring by providing financial, professional, and medical support.
The author of the content expresses their perspective on Grab’s adjustments, linking it to the changing dynamics of the global tech market and the rise of Artificial Intelligence (AI). They highlight the potential impact of AI on job losses in various industries and raise questions about how the government and private companies should address this issue.
In conclusion, the content emphasizes the need for preparation and adaptation to the growing influence of AI, as it may disrupt traditional job markets.
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