Singapore-based ecommerce giant Shopee is set to implement “mass layoffs” across its international operations, multiple sources told Tech in Asia.
The job cuts will primarily affect ShopeeFood and ShopeePay workers in several markets, one of the sources said. Apart from its home market of Southeast Asia, the company is present in Taiwan, Brazil, Mexico, Chile, and Colombia.
The decision was announced to employees earlier today in an international town hall meeting, which was led by an executive from Sea Group, Shopee’s parent firm. The executive, however, did not elaborate on the reason for the move.
Shopee staff were told to expect an email “listing the names” of affected employees soon.
Tech in Asia has reached out to the company for confirmation.
The development comes only a couple of months after news broke of Shopee’s decision to shut down its operation in India, laying off over 300 workers in the country.
Source: Tech In Asia