Shopee set for another round of layoffs

E-COMMERCE platform Shopee is axing more employees as its parent company Sea strains under the pressure to turn profitable amid volatile market conditions.

Singapore-based staff were informed by management on Monday (Sep 19) morning that further cuts will be made to teams, including human resources, regional operations, marketing, and product and engineering, sources told The Business Times (BT).

The announcement was made in department-wide town halls, which were impromptu and quick, one source said.