Shoppe recently announced around 750 employees layoff from their company which means around 12.5 per cent workforce as compared to its overall headcount.
Sources close to the matter have reported that Shopee, the e-commerce arm of Sea Group, has recently implemented another round of job cuts. The reduction in workforce is estimated to affect around 10-15% of Shopee’s employees. This news was reported by DealStreetAsia.
One direct source has reported that the most recent job cuts at Shopee were carried out in early February 2023 and impacted all departments across multiple markets. During a town hall meeting held around mid-February, Shopee reportedly requested several employees to submit their resignations, with affected staff members set to receive severance packages.
Shopee is an e-commerce platform that was launched in 2015 by a Singapore-based company called Sea Group. It operates in several countries in Southeast Asia, including Singapore, Malaysia, Thailand, Indonesia, Vietnam, the Philippines, and Taiwan.