Sea Ltd

The reductions, which started this week, amount to about 8% of the company’s developer workforce

Sea has been embedding AI in small ways, like through product recommendations and seller tools

Even as consumer spending comes under pressure, both companies have maintained their 2026 guidance

The group’s revenue is up 46.6% year on year at US$7.1 billion

However, its total income is S$37.4 million, up from S$24.4 million in the previous year

At least 100 roles in research, engineering and product development are set to be created

Citi and Maybank Securities say the sell-off ignores company’s strategic logic

For the full year, earnings surge to US$1.6 billion from US$447.8 million

This involves all three of Sea’s business units – Garena, Shopee and Monee