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DealStreetAsia

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

Startup faces headwinds as rising inflation weakens consumption

Sources say that Shopee has stopped hiring as the company continues to lose money.   © Reuters

SINGAPORE -- Sea Group's e-commerce arm Shopee is laying off staff across multiple markets as it seeks to rationalize its e-commerce business, DealStreetAsia has learned.

The layoffs have affected employees across several of the company's Southeast Asian markets including Indonesia, Thailand and Vietnam, sources told DealStreetAsia. The company is said to have emailed employees affected by the layoffs, the sources added.

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