Shopee layoffs

2022 - 6 - 14

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Image courtesy of "Vulcan Post"

Not everyone is hiring: Layoffs rock Shopee, S'pore-based Crypto ... (Vulcan Post)

With 17000 people retrenched across 71 companies globally, May was the worst month for startups since 2020, and June is shaping up to be just as bad.

It is just one side of the coin. It’s hard to call Sea a startup per se, given its long history, successful IPO and a globally established family of brands but in many ways it still does operate like one. This, however, was not to be and millions around the world were only too eager to jump back into long-missed meetups, shopping trips and dining out that we are seeing today. Here’s a cautionary tale about those who, not so long ago, made headlines for all the best reasons. It may be a household name, but rumours about layoffs of as many as 10 per cent of its people are swirling (after Elon Musk’s ominous email to the company), with the most visible casualty for us here in Southeast Asia being the country manager of Tesla Singapore, who was relieved of his duties after just one year on the job. Startup layoff tracker at layoffs.fyi — originally created to record loss of jobs in tech in the wake of the pandemic — has just reported that May was the worst month since 2020 and June is shaping up to be just as bad (if not worse).

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Image courtesy of "finews.asia"

Sea's Layoffs Hit Fintech Business (finews.asia)

Southeast Asia-based superapp Sea is making layoffs in its e-commerce business, Shopee, according to media reports. The headcount «adjustments» will impact ...

An email sent to employees from Shopee CEO Chris Feng said the layoffs will affect both fintech ShopeePay and ShopeeFood, the «Tech in Asia» report said. The shares have also been caught in a general selloff of tech names. Consumer e-wallet usage is up 45 percent from pre-Covid levels, the 2021 report said.

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Image courtesy of "Tech in Asia"

Shopee layoffs hit ShopeeFood, ShopeePay teams (Tech in Asia)

Singapore-based ecommerce firm Shopee is making “adjustments” to its headcount that will impact its teams in Southeast Asia, and Latin America, as well as ...

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Image courtesy of "The Straits Times"

Shopee lays off workers in food delivery, online payments and ... (The Straits Times)

Memo does not specify which South-east Asian countries will be affected by the layoffs. Read more at straitstimes.com.

The memo did not specify which South-east Asian countries would be affected by the layoffs. Shopee has outposts in Indonesia, Thailand, Vietnam, Malaysia and the Philippines, with its regional headquarters in the Republic. SINGAPORE - South-east Asian e-commerce giant Shopee will lay off some workers in its ShopeeFood and ShopeePay teams in the region.

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Image courtesy of "CNA"

Shopee lays off staff in food delivery, online payment teams in ... (CNA)

SINGAPORE: E-commerce giant Shopee will lay off some employees in its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia.

Addressing teams that are not impacted, Mr Feng said: “This reallocation of resources to further focus on our priorities will help us grow our business even better. We will do the very best we can to support them through this transition." Advertisement

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Image courtesy of "Mashable SE Asia"

Shopee to conduct 'mass layoffs' across its global operations (Mashable SE Asia)

During the peak of the COVID-19 pandemic, the world went through what many called 'The Great Resignation', following huge job-hopping movements by employees ...

The e-commerce giant has also announced that Shopee Spain will cease operations this month, issuing a notice saying, "Shopee.es will stop operating from 11.59 p.m. on June 17, 2022. Now that the pandemic has reached a level of relative calm, the tables are turning. The news of these layoffs comes not too long after Shopee announced the closure of operations in India and France back in March 2022.

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Image courtesy of "Mothership.sg"

Shopee laying off staff across Southeast Asia & South America (Mothership.sg)

An international town hall was reportedly conducted on Jun. 13 informing employees of the new development.

Feng said the company will continue operating as usual in Mexico, Argentina and Chile. It will also continue to run ShopeeFood and ShopeePay in Southeast Asia. Shopee will also lay off some workers in in Mexico, Argentina and Chile, as well as shutter operations in Spain, according to the Straits Times (ST). Mothership understands that some workers in its ShopeePay and ShopeeFood teams in the Southeast Asian region will be laid off.

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Image courtesy of "Nikkei Asia"

Sea's e-commerce arm Shopee to cut staff across Southeast Asia (Nikkei Asia)

The layoffs have affected employees across several of the company's Southeast Asian markets including Indonesia, Thailand and Vietnam, sources told ...

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