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Technology

From Sea to GoTo, tech layoffs mount in ASEAN: 4 things to know

Region's platforms hit brakes on aggressive hiring amid market chill

The region's largest tech platforms have reduced their total workforces by as much as 10% this year, with some signaling even further cuts.   © AFP/Jiji

SINGAPORE -- As Southeast Asian tech companies brace for a tougher business environment, they are borrowing from the U.S. industry's latest playbook: mass layoffs.

The region's largest platforms, like Indonesia's GoTo and Singapore's Sea, have reduced their total workforces by as much as 10% this year, with some signaling even further reductions.

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