Singapore-based online shopping rewards app ShopBack cuts 195 jobs, or 24% of its staff, to become self-sustainable; ShopBack raised a $200M Series E in 2022 (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:

Singapore-based online shopping rewards app ShopBack cuts 195 jobs, or 24% of its staff, to become self-sustainable; ShopBack raised a $200M Series E in 2022  —  ShopBack, an online shopping rewards app backed by Temasek Holdings Pte, is cutting about a quarter of its workforce as it retreats from the buy-now-pay-later space.