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Green Light launches redundancy round but still plans Asia expansion

Hafizah Osman | July 6, 2017
Says cuts are part of the company’s strategy for “targeted service offering”.

Hinksman has denied the claims.

“Absolutely not. We’re continuing down the lines of our core services capability and there won’t be a shift away from services at all. Our core success platform is around on-demand IT capability and we will continue on this. That market demand is there for it,” he said.

The former employee also suggested that the impetus behind most of the staff that were let go to join the company in the first place was Green Light’s intention to mount an initial public offering (IPO).

“Many people left decent jobs and decent companies to come to Green Light that promised a share listing in 2020. To have it in a very short period of time, turn around and go, 'no, we’ve changed our mind because we’re not making as much money as we wanted to' is not fair," the unnamed source said.

“Obviously, if it is doing things like this, then it is unlikely to do so because it won’t be able to maintain or get any annuity business. I’d like to see them make a public direction in the marketplace,” the source added. 

Hinksman responded to the claims, stating that the company still has a share listing on its roadmap, especially as a result of its growth in A/NZ and Asia.

“The business continues to grow across A/NZ and Asia, and we’re continuing double digit year on year growth.

“We still have several strategies around a share listing, and an IPO strategy listing is certainly on the cards and our revamped direction, in fact, will enhance and support that for us because we’re focusing on targeted services offerings,” he added. 


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