The newest layoffs have an effect on full-time and contract employees in Shopee’s customer support workforce, the report stated, citing sources conversant in the matter.
Sea didn’t instantly reply to Reuters’ request for a remark.
In September, Bloomberg reported that Sea minimize 3% of staff on the Indonesian unit.
The agency additionally laid off greater than 7,000 individuals, or about 10% of its workforce final yr, in keeping with an Information report.
India exit for Shopee
Discover the tales of your curiosity
In March final yr, Shopee determined to close its operations in India nearly six months after coming into the nation.Shopee introduced the event to its native workforce in a companywide city corridor on Monday, saying it should stop to function in India instantly, three individuals within the know instructed ET.
The etailer which competes with the likes of Meesho, Flipkart and Amazon India, particularly on the lower-end of the market, will shutter its business efficient March 29, they stated.
Confirming the event to ET, a Shopee spokesperson stated, “In view of global market uncertainties, we have decided to close our early stage Shopee India initiative.”
Tech layoffs
After the pandemic increase of some years, expertise corporations ended 2022 with a bleak outlook. Across the sector hundreds of jobs have been minimize to right the over-hiring of the Covid interval, and brace for, what specialists name, a interval of slower progress for the sector.
The layoff wave has swept not solely startups and mid-sized companies, but in addition large tech corporations equivalent to Amazon, Microsoft, and Google mother or father Alphabet, amongst others.
Twilio, LinkedIn, Zoom, Dell, Pinterest and Tinder proprietor Match are amongst corporations which have joined the layoff bandwagon extra lately in a bid to rein within the prices amid a looming international financial downturn.
Here’s a listing of main tech companies which have introduced layoffs
Source: economictimes.indiatimes.com